Delta Corp’s associate company -- Waterways Shipyard (WSPL) has agreed to subscribe 50% of the paid-up equity share capital of WSPL Containers (WCPL). WCPL proposes to carry on the business of container manufacturing. Given that WSPL is an established shipyard operator on India's western coast, this investment is expected to supplement WSPL's existing operations. The said transaction is expected to be completed by December 31, 2021.
Delta Corp has been engaged in the business of textiles and real estate development/consultancy. The company has also diversified into gaming, entertainment, aviation, and hospitality.
