Finance

Ashish Kacholia bets big on tarc backed by reduced debt and new project launches, company is poised to be a multi-bagger

Well-known and highly respected in financial circles in the country, Mr. Ashish Kacholia is sparing no efforts in his personal endeavor to considerably strengthen the TARC stock in what is his ever-bulging portfolio. Kacholia, an extremely savvy investor has now taken it upon himself to be a major stockholder in TARC, and is successfully doing pertinent steps in this regard.

Ashish Kacholia: As per recent media reports, Ashish Kacholia bought a 2.09 per cent stake in Ador Welding Ltd and 0.32 per cent in IOL Chemicals and Pharmaceuticals Ltd. He holds above a 1 per cent stake in Kwality Pharmaceuticals Ltd, TARC Ltd, Venus Remedies Ltd, and below 1 per cent in DFM Foods Ltd.

Let’s focus on TARC Ltd, one of the biggest real estate developers in North India, with its base in Delhi, where it owns huge parcels of real estate.

New Delhi based leading Real Estate Development Company TARC Limited had recently announced the successful completion of the sale of its warehousing asset in North Delhi to BREP Asia II EIP Holding (NQ) Pte. Limited, an affiliate of funds controlled, managed and/or advised by Blackstone Inc. (BREP) for a total consideration of Rs. 295 crores, in a move which is aligned to TARC’s strategy of maintaining focus on core development projects to unlock much higher value through its strategic and key land parcels in New Delhi.

With an eye on the future, Ashish Kacholia is presently adding considerable TARC stock to shore up its presence in the market.

Earlier this year, Mr. Amar Sarin, CEO & MD of TARC Limited was quoted in media that the company’s mantra of creating a high quality asset base, while leading with integrity and transparency, has been rewarded with the confidence and trust placed in TARC by Blackstone Inc. (BREP), an international fund. This is in line with making TARC a debt free company, develop its huge land bank as well as look for new developments in the National Capital Region.

The company of Ashish Kacholia had stated earlier that it plans to use a part of the proceeds to fast track the residential projects, consolidating its strategy to develop higher yielding, future ready projects.

The price of the TARC stock is facing considerable traction, but given its performance in the recent past, and its ambitious plans for the future, there is simply no way that the price will not significantly rise in the days ahead. Thanks to the noteworthy moves of Ashish Kacholia, the TARC stock rate is bound to see a positive move in the trading sessions ahead and result in an upward movement, triggered basically by the integral boost provided by Kacholia.

This news was shared to Prittle Prattle News via press release.

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