AZB acts on $10m Delta Corp stake buy of 25% in Jalesh Cruises

Delta Corp., India’s only listed gaming and hospitality company, listed on Bombay Stock Exchange (BSE) as “DELTACORP” has announced through a regulatory filing on BSE that it has invested $10 million in Jalesh Cruises Mauritius Ltd. (JCML) through its subsidiary Gaussian Software Pvt. Ltd. — Gutshotmagazine

India’s leading casino operator, Delta Corp Ltd, has entered into an agreement with Jalesh Cruises Mauritius Ltd (JCML) that will see it acquire a 25% stake in the company ahead of the planned launch of casino cruise ship services. — Asgam

AZB & Partners advised Gaussian Software Private Limited a wholly owned subsidiary of Delta Corp Limited led by a team of partners Ashwath Rau, Kashish Bhatia, and associates Armaan Patkar, Sruti Baid.

2019-03-08

Deal value: $10m / INR 697m

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