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Delta Corp update on investment in newly incorporated WSPL Containers

Capital Market 

Delta Corp announced that Waterways Shipyard (WSPL) (an associate company of the Company), has agreed to subscribe to 50% of the paid-up equity share capital of WSPL Containers (WCPL).

25% of the paid up equity share capital of WCPL is proposed to be subscribed by Jaydev Mody, part of the promoter group of the Company.

WCPL was incorporated on 30 November 2021 with the intention to carry on container manufacturing business.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, December 03 2021. 10:50 IST