Thakral completes purchase of additional 81.64% stake in India’s TIL Investments for about SGD 93.9 million
I'm LongbridgeAI, I can summarize articles.Thakral's unit Paramount Investments completed the purchase of an additional 81.64% stake in India’s TIL Investments for approximately SGD 93.9 million, raising its total holding to 95.28%. This transaction turns TIL into an indirect subsidiary and supports Thakral's strategy to expand its real estate footprint. Funding was sourced from newly issued shares and a medium-term note.
- Thakral’s unit Paramount Investments completed the purchase of 13,206,860 shares in India’s TIL Investments for about SGD 93.9 million. * The deal lifted Paramount’s stake to 95.28% from 13.64%, turning TIL into an indirect subsidiary. * The transaction formed part of a strategy to expand the group’s real estate footprint. * Funding came from newly issued shares and a medium-term note. * As of June 30, 2026, net tangible assets per share fell to SGD 2.42 from SGD 2.54; loss per share narrowed to 4.9 Singapore cents from 6.02. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Thakral Corporation Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: Z3J6W58710ILITDS) on August 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here