022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Banner
DataBoard Demo
Mergers & Acquisitions | 13 May 2011

Delta Corp Acquires 51% Stake In Daman Hospitality

by Deeshesh Chheda
Delta Corp Acquires 51% Stake In Daman Hospitality
Share on Social Media Email Facebook Twitter Linkedin
 
@deeshesh

Delta Corp Ltd has acquired 51% stake in Daman Hospitality Pvt Ltd (DHPL) for Rs.50 Cr.

The acquisition helps Delta to enhance its presence in the gaming and hospitality space.

Daman Hospitality runs 'Thunderbird Resorts', a five star deluxe resort situated in Daman, comprising of 176 rooms, having 30,000 sq ft for indoor events and 70,000 sq ft of leisure area including out door pools and other entertainment areas. The hotel has three bars and four restaurants.

The hotel also has a high end shopping arcade, spread over 8,000 sq ft. Construction of the hotel is substantially completed and Delta Corp will infuse further Rs.40 Cr to complete the project.

The project is expected to be ready in 6-8 months. Delta Corp, through its subsidiary, will also set up and operate a 60,000 sq ft casino in the property.

Transaction Reference: Press Release


{TAG_10584_1305262987}

Hindusthan Glass Acquires Germany's Agenda Glas For Rs 321 Cr

Hindusthan Glass Acquires Germany's Agenda Glas For Rs 321 Cr

Kolkata-based Hindusthan National Glass & Industries Limited (HNG) has acquired Germany-based Agenda Glas, AG for about 50 Mn euros (Rs.321 Cr), through its unit - HNG Global GmbH.The company has signed a pact with Germany's Insolvency ...

Read More...

Druva raises $51m from Sequoia, EDBI and others

Druva raises $51m from Sequoia, EDBI and others

Sunnyvale, California-based Druva Inc., a cloud-first data protection solution provider, announced receiving $51 million in funding. This round of funding was led by existing investor Sequoia India, along with participation of new investors such as Blue Cloud Ventures, Hercules Capital, and Singapore-based EDBI. Existing investors like Japan’s NTT Finance (financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation), Nexus Venture Partners and Tenaya Capital also contributed to this round.

Read More...
Subscribe
Enter your Email address
to receive all the news