Last July, its investment company GemLife Communities Group was listed in Australia, giving the group a fresh lift in earnings power and balance sheet strength. Post-IPO, the group’s shareholding in GemLife stands at 16.8%. As at Feb 10, shares in GemLife are trading at A$4.81 ($4.31), growing from just A$4.16 during its IPO.
Unlocking value from investments and India land
Thakral Corporation has been on a value-unlocking journey. Unlike some companies that recycle assets to unlock value, Thakral’s plans involve the IPO of its investment companies and the long-term development of land in Gurugram, India.
