Delta Corp to acquire 100% stake in Deltin Amusement Park; Stock dips 3%

14 Feb 2022 , 10:00 AM

Delta Corp Limited has agreed to subscribe to 100% of the paid-up equity share capital of Deltin Amusement Park Private Limited (DAPPL). The company will subscribe to 10,000 equity shares of Rs10 each (including 1 Equity Share to be held by Ashish Kapadia as Nominee of the Company) constituting 100% of the equity share capital of DAPPL aggregating to Rs1lakh.

The acquisition is expected to be completed by March 14, 2022.

“The Company is in the business of Gaming and Hospitality; this investment is expected to supplement existing operations. DAPPL proposes to carry on the business of constructing, building, hiring, leasing, operating and maintaining of amusement parks to promote, organise and manage all kinds of entertainments, sports, recreation, indoor and outdoor amusements and other related activities,” company said in a filing on Saturday.

At around 10.02 am, Delta Corp Ltd was trading at Rs270.00 per share down Rs8.50 or 3.05% from its previous closing of Rs278.50 on the BSE.