Delta Corp. looking to sell its stake in Advani Hotels
The company has hired investment banking firm Yes Bank Ltd to explore possibilities for the sale of its interests in Advani Hotels
Mumbai: Delta Corp. Ltd, a gaming and hospitality company, is looking to sell 35.6% in Advani Hotels and Resorts India Ltd, the company said in a notification to the stock exchange.
The company has hired investment banking firm Yes Bank Ltd to explore possibilities for the sale of its interests in Advani Hotels.
Delta Corp. has three offshore gaming licences in Goa and currently offers 2,000 gaming positions.
It also recently started its integrated casino resort in Daman and expects the full benefits of the casino to accrue from middle of financial year 2015.
At 3.15pm, the shares of the company was trading at ₹ 88.40 apiece, up 3.27%, whereas the benchmark Sensex was trading at 27,352.28 points, up 0.83%.
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