#deltacorp Acquisition Announcement: Mumbai, 20th February 2025: Delta Corp Limited (BSE: 532848, NSE: DELTACORP) (“DCL”), India’s leading listed casino and gaming company has entered into an agreement with Head Digital Works Private Limited (“HDW”) for the acquisition of Deltatech Gaming Limited (“DGL”) (which runs an Online Poker Platform under the name ‘Adda52’), by HDW, (which runs an Online Rummy and Online Poker Platform under the brand ‘A23’) and the subsequent merger of DGL with HDW, for a total consideration of approximately INR 491 Crore. The transaction shall be done in 2 parts with an initial acquisition of 51% of DGL by HDW, followed by a merger of DGL with HDW. Upon completion of the merger, DCL will hold 5.7% stake in HDW. Adda52 is one of India’s oldest online poker platforms. HDW operates India's marquee gaming brand 'A23'. They are the pioneers of online rummy and real-money gaming in India and their gaming portfolio comprises online rummy, poker and cricket content. Their rummy brand A23 Rummy is one of the largest real-money Rummy platforms in India with 75million+ users. https://www.stockinsights.ai/in/DELTACORP/announcement/company-mergers-20250220-b23?utm_source=twitter&utm_medium=social&utm_id=indiafilings