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Delta Corp to establish real estate development platform

08 May 2024 Evaluate

Delta Corp has received an approval for the proposal for entering into a strategic partnership with Alpha Alternatives Fund Advisors LLP and its affiliates (including Arsenio Strategies) and any funds managed by Alpha Alternatives Fund Advisors LLP (collectively referred to as AA Group) and Peninsula Land (PLL) to establish a real estate development platform (RE Platform).  The board of directors of the company at its meeting held on May 8, 2024, approved the same. 

The RE Platform proposes to deploy an aggregate amount of up to Rs 765 crore in residential re-development in the Mumbai Metropolitan Region and plotted development in and around the Mumbai Metropolitan Region, Alibagh, Khopoli, Karjat, and Pune through one or more entities to be incorporated. 

The RE Platform will be the exclusive vehicle for such projects. AA Group, PLL and the Company propose to contribute to the RE Platform up to an aggregate of Rs 450 crore (58.82%), Rs 225 crore (29.42%) and Rs 90 crore (11.76%), respectively, to the Platform as and when required.

The company is engaged in three business segments i.e. Casino Gaming, Online Skill Gaming and Hospitality.


Delta Corp Share Price

61.50 -0.04 (-0.06%)
21-Apr-2026 16:01 View Price Chart
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