Listed conglomerate Ayala Corp. has raised its stake in property developer Ayala Land, Inc. (ALI) after purchasing 35 million common shares worth approximately P457.6 million, according to a regulatory filing reported by BusinessWorld. The shares were acquired at P13.10 and P13.04 apiece, the disclosure showed.
Analysts interpreted the move as a strong signal of Ayala Corp.'s confidence in ALI's long-term growth trajectory. The increased ownership comes amid a recovering property market, with the developer seen benefiting from sustained demand in residential and commercial segments.
The transaction bolsters Ayala Corp.'s position as ALI's largest shareholder, aligning with its strategy to deepen exposure to core businesses. Market observers view the purchase as a vote of confidence that could support ALI's stock price in the near term.