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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.

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.

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.


Deal value: $10m / INR 697m

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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