Delta Corp gains 9% as gaming arm files IPO papers with Sebi

Meanwhile, thus far in the month of June, ace investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have sold 7.5 million equity shares of Delta Corp through open market sale

Shares of Delta Corp soared 9 per cent to Rs 179.25 on the BSE in Friday's intra-day trade in an otherwise a weak market after Deltatech Gaming (DGL) filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offer. DGL is a wholly owned subsidiary of Delta Corp.

DGL's IPO will comprise a fresh issue of equity shares of face value of Re 1 each, for an amount aggregating up to Rs 300 crore and an offer for sale (OFS) of the equity shares held by the company, for