Delta Corp Set to Unleash Growth Potential with Demerger of Hospitality and Real Estate Ventures
Delta Corp's board approves demerger and listing of hospitality and real estate business, paving the way for enhanced growth prospects.
Delta CorpDemergerHospitalityReal EstateGamingReal EstateSep 24, 2024
This move is expected to create a separate entity that can focus on expanding its hospitality and real estate portfolio, thereby unlocking value for shareholders. The demerger will also enable Delta Corp to concentrate on its core gaming business, driving growth and innovation in this space.
As part of the demerger, shareholders of Delta Corp will receive one share of Delta Penland for every share held in Delta Corp. This will ensure that existing shareholders benefit from the growth prospects of the hospitality and real estate business, while also retaining their interest in the gaming business.
The demerger is subject to regulatory approvals and is expected to be completed in the coming months. Once completed, Delta Penland will be listed on the stock exchanges, providing investors with an opportunity to participate in the growth story of the hospitality and real estate sector.
Delta Corp's decision to demerge its hospitality and real estate business is a strategic move to create a separate entity that can focus on expanding its portfolio and unlocking value for shareholders. This move is expected to drive growth and innovation in both the gaming and hospitality sectors, benefiting stakeholders and investors alike.
Information
Delta Corp is a leading player in the Indian gaming and hospitality industry, with a strong presence in Goa and Daman. The company operates luxury hotels, casinos, and other gaming facilities, and has a significant portfolio of real estate assets.
Delta Corp is a listed company on the Indian stock exchanges and is regulated by the Securities and Exchange Board of India (SEBI). The company is committed to transparency and corporate governance, and is led by a experienced management team with a proven track record in the gaming and hospitality industry.
Frequently Asked Questions
What is the reason behind Delta Corp's decision to demerge its hospitality and real estate business?
The demerger is aimed at unlocking the growth potential of the hospitality and real estate business, while also enabling Delta Corp to focus on its core gaming business.
What will happen to the shareholders of Delta Corp as a result of the demerger?
Shareholders will receive one share of Delta Penland for every share held in Delta Corp, ensuring that they benefit from the growth prospects of the hospitality and real estate business.
What is the expected timeline for the completion of the demerger?
The demerger is subject to regulatory approvals and is expected to be completed in the coming months.
Will Delta Penland be listed on the stock exchanges?
Yes, Delta Penland will be listed on the stock exchanges, providing investors with an opportunity to participate in the growth story of the hospitality and real estate sector.
What is the impact of the demerger on Delta Corp's gaming business?
The demerger will enable Delta Corp to focus on its core gaming business, driving growth and innovation in this space.
Related News Articles
WeWork India Renews Lease on Massive 1.4 Lakh Sq Ft Space in Goregaon East, Mumbai
WeWork India, a majority-owned subsidiary of Embassy Group, has renewed its lease on a massive 1.4 lakh sq ft space in Goregaon East, Mumbai, with a rent of Rs 162 per sq ft per month.
China's Economic Recovery Faces Hurdles from Property Slump and Weak Consumption
China's economic recovery is being dragged down by a continued property crisis and weak consumption, with investment in real estate dropping 10.2% year-on-year in the first seven months of the year.
Unlock Unbeatable Laptop Deals at Flipkart's Big Billion Days Sale
Get ready to grab amazing laptop deals from top brands like ASUS, HP, Lenovo, and Acer at Flipkart's Big Billion Days Sale, starting from September 27th, 2024.
From Beach Tourism to Real Estate Haven: The Transformation of Goa
Goa's transformation from a beach tourism destination to an emerging real estate hub, driven by tourism and investment opportunities.
Property Registrations in Mumbai Surge 13% During Navratri: Knight Frank Report
Property registrations in the Mumbai municipal region witnessed a 13% increase during the Navratri festival this year, with a total of 5,199 units registered compared to last year's figures.
Samsung Enhances 4K, 8K Smart TVs with New AI Wallpaper Feature
Samsung's 2024 QLED and OLED smart TVs are set to transform the way your TV looks when not in use, thanks to a new AI-generated wallpaper feature. This innovative technology ensures your smart TV remains a stylish centerpiece even when turned off.