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.
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 ...
Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.
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