Sensex

Monday, February 07, 2011

Sobha Developers Ltd: Clarification on investment in the Aviation Sector

Sobha Developers Ltd has informed BSE that the Company during the previous quarter held discussions to engage in the business of a Non Scheduled Operator in terms of the Director General of Civil Aviation Regulations on a consortium basis.

The Company has explored the feasibility of the proposed project and it is concluded not to proceed with this investment. All the necessary steps are being initiated in this regard.

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