Delta Corp injects Rs 990.99 mn into Peninsula Land

01 Dec 2023 CW Team

Delta Corp (Delta) has decided to invest Rs 990.99 million in Peninsula Land (PLL), a company engaged in the operation of casinos and hotels. The approval for this investment was granted by the board of directors of Delta Corp. The subscription includes equity shares with a face value of Rs 2 per share, issued at an issue price of Rs 44. The total cash consideration for these equity shares amounts to Rs 660 million. Additionally, 77,27,000 - 0% unsecured compulsory convertible debentures (CCDs) with a face value of Rs 44 each, convertible into one fully paid-up equity share of PLL with a face value of Rs. 2, will be issued. This transaction is set to take place on April 16, 2025.

In a media release, Delta Corp stated that due to the deferral of its flagship project in Dhargalim, Goa, and considering its free reserves and cash flows, the company sees a compelling opportunity for long-term growth in the sector. As the majority stakeholder, Delta Corp, through its joint venture, plans to undertake projects primarily in Mumbai and Goa, adhering to its philosophy of maintaining a debt-free company.

The allotment of equity shares and CCDs is anticipated to be completed on or before 30th January 2024. Following the preferential issue of equity shares, Delta Corp will hold 4.86% of the post-issue paid-up share capital of PLL. Additionally, after the conversion of CCDs, the company is expected to possess an additional 2.44% of the fully paid-up share capital of PLL.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..