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Delta Corp’s arm increases its equity holding in DHPL

07 Nov 2012 Evaluate

India's only listed gaming and hospitality company, Delta Corp’s, wholly-owned subsidiary Delta Hospitality and Leisure (DHLPL), has increased its equity holding in Daman Hospitality (DHPL) through a conversion of Fully Convertible Debentures (FCDs).

The acquisition and conversion of these Series-B FCDs into 2.83 crore voting class equity shares has resulted in an increase in DHLPL’s shareholding in the company, which now stands at 87.16% from the earlier 51%.

Through this purchase, Delta Corp has once again demonstrated its commitment to the hospitality and gaming business, which remain its core focus area. Delta Corp is also looking to gradually expand its presence in both these sectors through organic and inorganic routes.

Delta Corp is the largest gaming company in India and the only listed company in this space. The company is an early entrant in this space and has attained a leadership position in a short span of time.

Delta Corp Share Price

61.54 0.67 (1.10%)
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