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Lehman invests USD 300 Million in Research and Development SEZ

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Revealed sources at the www.propertykhazana.com disclosed that the Lehman Brothers one of the top US based investment banks and international fiscal services is geared up to consign a position in Indian Realty. This firm is making its budge with the attractive investment of USD 80 Million in Bangalore based 404 hectare investigate and development of Gandhi City SEZ Venture. Venture will not be the frontier for the company; it’s only to set on way to cover the paths for more investments and to gain big pose in the Indian land market. Lehman Brothers might finally make investments up to USD 300 Million in SEZ in 2 investments, but the company has planned to use the leftover USD 220 Million in some other projects.
Lehman will acquire the SPV way and both sides are in opinion to sign the term sheet in next coming months. Accurate share is not known, but it comprises the christen of Giri Devanur – founder of Ivega Corporation, Ex-Infocisian Manohra Nagaraja and Arjun Valluri – CEO of Intelli Group. Gandhi City was also bragged in providing the job chances for about 10,000 people and also to attract large tickets investors gazing to place R&D amenities and the move will serve as an incubator for new projects. Board of Approvals has given green signal for the SEZ project. Some famous christens in the management of the planned SEZ includes Sunil Khairnar, Shiv Dayal, G. Sanjeev Rao and Madhura Nath. For more details logon to www.propertykhazana.com
Source: NIMMA BENGALURU

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