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According to ownership data for the December quarter, Delta Corp has a 33.63 percent stake in Advani Hotels & Resorts. From the sale, Delta Corp collected RSD 5.86 million.
Delta Corp Share Price
Earlier in the day, the stock was up 13 percent. RK Damani recently bought a 5 percent stake in the venture, the company said.
Q3 With Bq
NEW DELHI: Gaming and casino company Delta Corp on Friday offloaded another 6 million shares of Advani Hotels & Resorts at an average price of Rs 97.76 per share, massive NSE data showed. This is the second time in two weeks that he has sold shares in the resort.
This is equal to a 1.30 percent stake in the company. According to ownership data for the December quarter, Delta Corp has a 33.63 percent stake in Advani Hotels & Resorts. From the sale, Delta Corp collected RSD 5.86 million.
In another transaction, IIFL Wealth Prime sold 72 lakh units of India Infrastructure Trust at Rs 99.08 per share, bulk transaction data published on BSE showed.
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Delta Corp Share Price Target 2022: This Rakesh Jhunjhunwala Portfolio Stock Gives Breakout. Analysts Forecast Remain Bullish
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To read the full story, subscribe to ET PrimeLog at To read the full article. You have this main story as a free gift. Shares of Delta Corp Ltd traded 4.2 percent higher at RSD 103.10. Voucher touched a low of Rs.100.30 and a high of Rs.103.90 in today’s trade.
NEW DELHI: Delta Corp Ltd rose 4.7 percent in Tuesday’s trading after major investor Rakesh Jhunjhunwala bought additional Delta Corp shares worth more than Rs 11 crore.
Delta Corp Share Price: Delta Corp Tanks 5% As Firm Denies Getting Casino Licence In Daman
At 09:20 a.m.; Delta Corp Ltd traded 4.2 percent higher at RSD 103.10. It touched a low of Rs.100.30 and a high of Rs.103.90 in today’s trade. In a major deal, Jhunjhunwala today bought 12.5 million shares of Delta Corp at Rs 91.75 apiece, the company said in a BSE filing. At this price, the share would be worth around RSD 11.5 million.
As of December-end 2014, Jhunjhunwala held a 3.47 percent stake in the company, PTI reported. The company’s shares rose by more than 10 percent and closed at 98.75 dinars on the Belgrade Stock Exchange earlier today.
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Hcl Technologies, Star Health, Eureka Forbes, Hfcl, Coal India, Sbi, Paytm, Delta Corp Stocks In Focus
Retail inflation falls below 5%; IIP Growth in 5th LovBi Raises ₹ 2k Cr Debt Linked to Future Aakash IPO Adani-Hindenburg: Sebi may get 3 orts for Coplete ProbeDelta Corp Holdings Limited, a fast-growing asset-backed logistics company entering final merger and stock exchange agreement with Coffee Holding Co., Inc.
STATEN ISLAND, N.I. and LONDON, September 30, 2022 (GLOBE NEWSWIRE) — Coffee Holding Co., Inc. United States and Delta Corp Holdings Limited (“Delta”), a private holding company for global bulk and energy logistics, fuel supply, raw materials and asset management companies, today announced that the companies have entered into a definitive merger and division. Exchange Agreement whereby Coffee Holding and Delta will become wholly owned subsidiaries of a newly created holding company incorporated under the laws of the Cayman Islands, Delta Corp Holdings Limited (“PUBCO”). The closing of the transactions contemplated by the definitive agreement is subject to certain conditions, including, without limitation, the approval of Coffee Holding’s stockholders and the approval of the listing of Pubco’s shares on the Nasdaq Stock Exchange (“NASDAK”). . . Delta stockholders will become the majority stockholders of Pubco, as detailed below.
Following the closing of the transactions, which the parties expect to occur in the first quarter of 2023, the combined company will continue under PUBCO and expects to be listed on the Nasdaq under the symbol “DLOG.” The combined company will continue to operate under Delta’s management team led by Mudit Paliwal, CEO and Founder; Peter Schaerf, non-executive chairman; and Joseph Nelson, Chief Financial Officer, while Coffee Holding, as a wholly owned subsidiary of Pubco, will continue to operate under the leadership of Andrew Gordon, currently President and CEO of Coffee Holding.
Andrew Gordon, Chairman and CEO of Coffee Holding, said: “This transaction is the next transformative step for Coffee Holding. The Delta team has a successful track record of building a global business, offering our shareholders a unique opportunity and potential for additional returns. I am confident that the employees, customers and shareholders of Coffee Holding will enjoy the many potential benefits of this partnership.”
Delta Corp Stocks: Buy Delta Corp, Target Price Rs 208: Sharekhan By Bnp Paribas
Delta CEO and founder Mudit Palival said: “Delta is pleased to have reached an agreement with Coffee Holding for the proposed transaction, which I believe will provide significant benefits to all stakeholders of Delta and Coffee Holding.” Since our founding in 2019, Delta has experienced rapid growth in revenue and profitability and is now a leading global logistics provider for many of the world’s leading energy, industrial and natural resource companies. I am proud to say that this has been achieved through our focus on customer service and innovation supported by a strong leadership team with decades of experience.
“This transaction will allow us to accelerate the expansion of our business and enter new markets that have synergies with our core businesses.” This includes expanding our range of services related to energy transition, sustainability and environmental management.”
Peter Shaerf, non-executive chairman of Delta’s board of directors, said: “Delta is well positioned to capitalize on the global transportation revolution as a leading third-party logistics provider with little assets. Historically, our growth has come from gaining market share and complementary strategic acquisitions funded primarily by internally generated cash flows. This has kept our balance sheet strong and debt free. We expect to continue our focus on growth in the coming years as we strategically invest in new technologies to increase operational efficiency, reduce risk and/or improve our decision-making, enabling us to accelerate our growth in the future.”
Delta is a fully integrated global logistics, fuel supply and related asset management services company, primarily serving the international supply chains of commodity, energy and capital goods producers. Delta has been operating since 2019 and its operations facilitate global trade in energy, raw materials, raw materials and agricultural products. Delta is a multinational company with more than 80 employees and is globally present through a network of offices in ten countries in Europe, the Middle East and Asia.
Delta Corp Ltd.
Delta’s business is underfunded and dependent on its people, technology, customer relationships and differentiated services to drive its business and growth. Delta believes its asset-light business model sets it apart from the competition and leads to greater profitability while reducing risk. Delta maintains leadership positions in markets where it has a unique competitive advantage that allows it to leverage its broad portfolio of service offerings to reduce customers’ logistics costs and improve its profitability.
Delta operates through three segments: bulk logistics, energy logistics and asset management. Each segment is led by proven management teams who share a commitment to the value of customer focus and a vision to set a new standard of excellence in the industries in which Delta operates. Delta looks for high-growth niche opportunities in its core business offering or adjacent industries and uses its diversified service offerings to penetrate their markets.
The transaction will be handled by a newly formed holding company, in which Coffee Holdings and Delta will become wholly owned subsidiaries of Pubco. Under the agreement, Coffee Holdings shareholders will receive 1 Pubco common share for each Coffee Holdings common share they own, and Delta shareholders will exchange their Delta shares for $625 million in Pubco common stock, subject to certain adjustments, at an implied diluted value per share of $5.50. Immediately following the closing of the transaction, Delta stockholders are expected to collectively own approximately 95.21% of the outstanding shares of Pubco common stock, and Coffee Holding shareholders immediately prior to the closing of the transaction are expected to collectively own approximately 4.79% of the outstanding shares of Pubco. . Common shares on a diluted basis, the ownership percentages of which may be subject to certain adjustments.
The transaction also includes a gain to Delta’s existing shareholders, which, if realized, consists of $50 million
Delta Corp Stock Near 5 Year Low
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