Delta Corp’s wholly owned subsidiary — Gaussian Software has entered into an agreement to subscribe to 1 crore equity shares of Jalesh Cruises Mauritius (JCML) for a total consideration amount of $10 million. The acquisition is proposed to be completed in one or more tranches and the company is expected to hold over 25% stake in JCML.
The transactions contemplated in the agreement are expected to be completed by June 30, 2019, in one or more tranches.
Delta Corp has been engaged in the business of textiles and real estate development/consultancy. The company has also diversified into gaming, entertainment, aviation, and hospitality.