Acquisitions21 Apr 2026, 06:51 pm
Delta Corp Subsidiary Acquires 74% in Parking & Infra Firms
AI Summary
Delta Corp Limited's wholly-owned subsidiary, Marvel Resorts Private Limited (MRPL), has decided to acquire a 74% equity stake in Easymile Parking Solutions & Management Private Limited (EPSMPL) and Shanta Infratech Private Limited (SIPL). The acquisition of EPSMPL, a company providing mechanized parking systems, will cost ₹2,84,600 for 28,460 equity shares. SIPL is engaged in construction activities. Both acquisitions are strategic investments and will result in EPSMPL and SIPL becoming subsidiaries of MRPL. The transactions are expected to be completed before May 5, 2026, and are not considered related party transactions.
Key Highlights
- Delta Corp's subsidiary MRPL will acquire 74% equity in two companies.
- Target entities are Easymile Parking Solutions and Shanta Infratech.
- EPSMPL acquisition involves a cash consideration of ₹2,84,600.
- The acquisitions are strategic investments, making them MRPL's subsidiaries.
- Completion for both acquisitions is anticipated before May 5, 2026.