News > Delta Corp shares surge 10% on demerger news

Delta Corp shares surge 10% on demerger news

Delta Corp Ltd announced plans to demerge its hospitality and real estate business to make it easier for the management to focus on its core business gaming, subject to the approval of the shareholders, stock exchanges, SEBI, NCLT and a few other regulatory approvals. The scheme will create value for company shareholders as they will be issued 1 equity share of the resulting company for every 1 share held in the company, Delta Corp said.