Delta Corp Limited Buyback 2020
(i) Delta Corp Limited (“Delta Corp”) is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. They, along with its Subsidiaries, currently own and operate casinos in India, in the states of Goa and Sikkim, offering approximately 1,800 gaming positions. In addition, they have also ventured into the fast-growing online gaming space through its acquisition of Gauss Networks Private Limited, which operates the online poker site ‘Adda52.com’.
The early-mover advantage has helped Delta Corp to secure a leadership position, with the Company holding three of the six offshore gaming licenses issued in Goa, one land-based casino in Goa and one in Sikkim; and three online gaming sites.
(ii) Delta corp operates Deltin Royale and Deltin JAQK, amongst the country’s two largest offshore casinos, and Deltin Caravela, the only floating hotel with a casino in India. The Company also owns and operates the Deltin Suites, a 106 room, all-suite hotel with a casino located in Goa. They also operate the Casino Deltin Denzong located at the Denzong Regency hotel in Gangtok, Sikkim.
They also own and operates The Deltin, a 176 room five-star hotel in Daman, which is an integrated resort with a proposed casino. They also own and operate the online poker site ‘Adda52.com’, the online rummy site ‘Adda52rummy.com’ and the online fantasy sports site ‘LeagueAdda.com’.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Opening Date:||Apr 08 2020|
|Buyback Closing Date:||Oct 07 2020|
|Buyback Offer Amount:||₹ 125 Cr|
|Date of Board Meeting approving the proposal:||Mar 28 2020|
|Date of Public Announcement:||Mar 28 2020|
|Buyback Offer Size:||4.61%|
|Price Type:||Open Market|
|Buyback Price:||₹ 100 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars( in Cr)||Mar-08||Mar-09||Mar-10||Mar-11||Mar-12||Mar-13||Mar-14||Mar-15||Mar-16||Mar-17||Mar-18||Mar-19|
|Profit before tax||33||15||21||172||96||85||117||-17||56||99||228||311|
|EPS in Rs||1.06||0.36||0.59||8.11||2.11||1.22||1.51||0||1.66||3.18||5.81||7.26|