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Tabcorp Holdings Limited ( (AU:TAH) ) has provided an announcement.
Tabcorp Holdings Limited has announced that Yarra Capital Management Limited and its associated entities have acquired a substantial shareholding in the company, holding 5.13% of its ordinary shares. This development is significant due to the regulatory restrictions on shareholdings in Tabcorp, which limit any single shareholder’s voting power to a maximum of 10% without government approval. The acquisition highlights the strategic interest in Tabcorp’s operations, but also underscores the regulatory environment governing its share distribution.
The most recent analyst rating on (AU:TAH) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.
More about Tabcorp Holdings Limited
Tabcorp Holdings Limited is a prominent company in the gambling and entertainment industry, primarily offering wagering, media, and gaming services. The company is known for its focus on the Australian market, where it operates various betting and gaming platforms.
YTD Price Performance: 91.82%
Average Trading Volume: 7,716,438
Technical Sentiment Signal: Buy
Current Market Cap: A$2.42B
See more data about TAH stock on TipRanks’ Stock Analysis page.