Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Thakral Corporation Ltd ( (SG:AWI) ) has shared an update.
Thakral Corporation, through its wholly owned subsidiary Paramount Investments Pte. Ltd., plans to raise its stake in Indian entity TIL Investments Private Limited from 13.64% to 95.28% via a S$93.9 million transaction funded by a mix of S$50 million in cash and S$43.9 million in new Thakral shares. The move will give Thakral strategic control over a 21-acre mixed-use, healthcare-led development in Gurugram, Delhi NCR, with more than 2.5 million square feet of development potential, positioning the group to capitalise on India’s fast-growing residential and healthcare markets and to build long-term value from a sizable, well-planned project.
The most recent analyst rating on (SG:AWI) stock is a Buy with a S$2.00 price target. To see the full list of analyst forecasts on Thakral Corporation Ltd stock, see the SG:AWI Stock Forecast page.
More about Thakral Corporation Ltd
Thakral Corporation Ltd is an SGX Mainboard-listed investment and property group that participates in real estate and related sectors, including healthcare-led developments, with a focus on capturing growth opportunities in key Asian markets such as India.
Average Trading Volume: 51,285
Technical Sentiment Signal: Buy
Current Market Cap: S$216.1M
See more data about AWI stock on TipRanks’ Stock Analysis page.