Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

What topics does this article cover?

Delta Corp Limited, Rakesh Jhunjhunwala

Rakesh Jhunjhunwala Increases Stake In Delta Corp To 10.28%

17 Nov 2016Aakash Agarwal1 min read

Quick Facts

What is "Rakesh Jhunjhunwala Increases Stake In Delta Corp To 10.28%" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 17 November 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: Delta Corp Limited, Rakesh Jhunjhunwala

We bring you the “Big Deals” for today. A summary of the most important Bulk and Block Deals.

Delta Corp - engaged in the business of gaming & entertainment with interests in hospitality and real estate. The Company has business interests in India, Sri Lanka and Kenya.

The company possesses three out of the six issued offshore gaming licenses in the state of Goa and is the largest and only listed company within the gaming and hospitality segment in India.

Delta Corp reported a revenue of Rs. 139 crore against Rs. 96.80 crore Q2 last year which translated into a Net Profit of Rs. 30.96 crore against Rs. 4.42 crore.

[Rakesh Jhunjhunwala](http://snap.capitalmind.in/#/insider/JHUNJHUNWALA RAKESH RADHESHYAM) who held a consolidated 2.15 crore shares or 9.32% for the quarter ended June, 2016 - purchased an additional 10 lakh shares during Q2 ended September, 2016 and today bought an additional 12.50 lakh shares at a price of Rs. 106.54/- per share. This brings the value of the deal to Rs. 13.31 crore. (Rakesh Jhunjhunwala is a Non Executive, Non Independent Director of the company and sits on the meetings of the board).

With this purchase, shareholding of [Rakesh Jhunjhunwala](http://snap.capitalmind.in/#/insider/JHUNJHUNWALA RAKESH RADHESHYAM) including his wife Rekha Jhunjhunwala and his company [Rare Enterprises](http://snap.capitalmind.in/#/insider/Rare Equity Pvt Ltd) comes to 2.375 crore shares or 10.28%. The stock closed at Rs. 112.50 or **+8.06 %.