Foreign investor Platinum Investment Management has acquired over 3,20,000 shares of real estate developer Sobha through open market. Post acquisition, Platinum Investment Management holding in Sobha increased to 5.06% from 4.74% earlier.
Platinum Investment Management Limited is an Australian based fund manager which specialises in investing in international equities. Sobha Developers has presence in seven cities -- Bangalore, Gurgaon, Chennai, Pune, Coimbatore, Mysore and Thrissur. It has completed 83 projects aggregating to 20.78 million sq ft of saleable area and is presently developing 43 projects with 17.4 million sq ft of saleable area.