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Delta Corp rises 12% after gaming arm files DRHP, stock underperfoming

DGL's IPO will comprise a fresh issue of equity shares of face value of Rs 1 each, for an amount aggregating up to Rs 300 crore and an offer for sale for up to Rs 250 cr

IPO, shares, stocks, stakes, company, firms, market, issue
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Delta Corp is the only listed company engaged in the casino (live, electronic, and online) gaming industry in India. It also has interests in hospitality and real estate

Deepak Korgaonkar Mumbai
Shares of Delta Corp soared 12.4 per cent to Rs 184.20 apiece on the BSE on Friday in an otherwise weak market after Deltatech Gaming (DGL) filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering. DGL is a wholly-owned subsidiary of Delta Corp.

DGL’s IPO will comprise a fresh issue of equity shares of face value of Rs 1 each, for an amount aggregating up to Rs 300 crore and an offer for sale (OFS) of the equity shares held by the company for an amount aggregating up

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First Published: Jun 17 2022 | 6:54 PM IST

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