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Thakral: Investee Company, GemLife Successfully Debuts On ASX, Securities Price Up By 4.1% To A$4.33.
03 Jul 2025 17:49GemLife Communities Group, a leading Australian over-50s lifestyle resorts operator in Australia in which Thakral holds a 16.8% stake post-IPO, successfully debuts on ASX on a conditional and deferred settlement basis. Proceeds from the IPO will be used for the acquisition of the Aliria Group portfolio to expand GemLife's pipeline to 9,836 homes, towards reducing debt, strengthening the balance sheet, and as additional working capital...
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Source: ShareInvestor Express
