Deals21 Feb 2025, 02:51 am
Delta Corp Ltd. to Sell 51% Stake in Deltatech Gaming to Head Digital Works for INR 34.8 Crore
AI Summary
Delta Corp Ltd. has announced that its wholly owned subsidiary, Deltatech Gaming Limited (DGL), will sell 51% of its shareholding to Head Digital Works Private Limited (Head Digital). The transaction is expected to be completed by 6th April, 2025, and will result in DGL ceasing to be a subsidiary of Delta Corp. The Company will acquire approximately 5.7% of the shareholding in Head Digital, which operates the online gaming brand ‘A23’. The transaction is subject to customary conditions precedent, including approval from the shareholders of the Company.
Key Highlights
- Delta Corp Ltd. to sell 51% stake in Deltatech Gaming Limited to Head Digital Works Private Limited
- Transaction expected to be completed by 6th April, 2025
- Delta Corp to acquire approximately 5.7% of the shareholding in Head Digital
- Head Digital operates the online gaming brand ‘A23’
- Transaction subject to customary conditions precedent, including approval from the shareholders of the Company