Listed on the Singapore Exchange Mainboard since December 1995, Thakral announced in January that it had entered into agreements to raise its stake in TIL Investments, the entity that owns the Gurugram land, from 13.64% to 95.28%, for $93.9 million. This is subject to shareholder approval at an upcoming extraordinary general meeting to be called.
Thakral Corporation is betting on a healthcare-led project to unlock long-term value from a 21-acre site in northern India
Thakral Corporation is moving to build up and unlock value in a 21-acre site in Gurugram, India, as it shifts the project from land banking to execution. Located just southwest of New Delhi in northern India, a hospital is set to anchor the first phase of the development, with a wellness centre planned as the next major component.
