The group’s financial advisor, Platinum Securities Company Limited, Singapore, will also invest approximately $2.2 million for a 4.72% post-issuance stake.
Thakral Corporation says its wholly-owned subsidiary, Paramount Investments, is set to invest approximately $6.37 million in TIL Investments Private Limited (TIL), according to a Dec 16 release.
Under the investment, Thakral will acquire a 13.64% stake in TIL, which marks the group’s maiden foray into India’s healthcare and real estate sector through a property development project in Gurugram.
