Delta Corp Limited has informed the Exchange about Acquisition
DELTACORP · price
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Delta Corp has informed the stock exchanges that 77.27 lakh 0% unsecured compulsorily convertible debentures of Peninsula Land Limited, which were allotted to Delta Corp in December 2023, have been converted into an equal number of equity shares of Peninsula Land on April 16, 2025. This is an update to the company's earlier disclosures made on November 30, 2023 and December 27, 2023. Following this conversion, Delta Corp now holds 77.27 lakh equity shares of Peninsula Land Limited as a direct equity investment instead of debentures.
This is a technical conversion of an existing instrument (debentures) into equity and does not involve any fresh cash outflow or change in Delta Corp's underlying economic interest in Peninsula Land. It is largely a bookkeeping update from prior disclosures and is unlikely to have a material impact on Delta Corp's share price, though it strengthens its direct equity stake in Peninsula Land.