{"id":777013341,"date":"2024-02-21T08:28:32","date_gmt":"2024-02-21T11:28:32","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013341"},"modified":"2026-04-22T12:49:37","modified_gmt":"2026-04-22T15:49:37","slug":"delta-corp-to-sell-caravella-entertainment-stake","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/delta-corp-to-sell-caravella-entertainment-stake","title":{"rendered":"Delta Corp to sell Caravella Entertainment stake"},"content":{"rendered":"\n<p>Delta Corp will sell its entire stake to Kolkata-based gaming company Ability Games.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>India.-\u00a0<strong>Delta Corp\u00a0<\/strong>has announced its intention to divest its stake in\u00a0<strong>Caravella Entertainment Private Limited<\/strong>, a wholly-owned subsidiary which holds an 89.28 per cent stake in Deltin Nepal Private Limited.\u00a0The company has agreed to sell its entire stake to Kolkata-based gaming company Ability Games and Ashtek Consultancy Private Limited for an enterprise value of Rs. 80 crores.<\/p>\n\n\n\n<p>The transaction includes the assumption of Caravella&#8217;s debt of Rs. 18 crores and an equity consideration of Rs. 62 crores. Delta Corp expects the deal to be finalised by March 8, 2024.\u00a0Deltin Nepal Private Limited will retain the right to use the &#8220;Deltin Casino International&#8221; and related trademarks for two years.<\/p>\n\n\n\n<p>Last December, the company announced it was going to\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/delta-corp-enters-real-estate-joint-venture-with-peninsula-land\" target=\"_blank\" rel=\"noreferrer noopener\">return to the real estate sector<\/a>\u00a0with an investment of nearly Rs 100 crore in Mumbai-based\u00a0<strong>Peninsula Land<\/strong>.<\/p>\n\n\n\n<p>Delta Corp also informed the stock exchanges about its decision to repurpose a residential project located in Miramar, Panaji, Goa, into a resort hotel. This project is being implemented through\u00a0<strong>Marvel Resorts Private Limited (MRPL)<\/strong>, which is a wholly-owned subsidiary of Delta.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delta Corp will sell its entire stake to Kolkata-based gaming company Ability Games.<\/p>\n","protected":false},"author":176,"featured_media":13232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Delta Corp is divesting its entire stake in Caravella Entertainment Private Limited, which holds an 89.28% interest in Deltin Nepal Private Limited, to Kolkata-based Ability Games and Ashtek Consultancy Private Limited for an enterprise value of Rs. 80 crores. This strategic transaction, expected to close by March 8, 2024, aligns with Delta Corp's broader pivot towards the real estate and hospitality sectors.","focusai_entities":"Delta Corp, Caravella Entertainment Private Limited, Deltin Nepal Private Limited, Ability Games, Ashtek Consultancy Private Limited, Peninsula Land, Marvel Resorts Private Limited","focusai_location":"India, Kolkata, Nepal, Mumbai, Panaji, Goa","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Delta Corp's Strategic Rationale?","query":"What are the underlying strategic imperatives driving Delta Corp's divestment from its Nepalese gaming vertical and its concurrent re-focus on the real estate and hospitality sectors?"},{"label":"Ability Games' Acquisition Impact?","query":"How does the acquisition of Deltin Nepal Private Limited enhance Ability Games' market positioning and operational footprint within the South Asian gaming landscape?"}],"footnotes":""},"categories":[157,16334],"tags":[23890],"class_list":["post-777013341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-asia-news","tag-delta-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777013341"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013341\/revisions"}],"predecessor-version":[{"id":777013348,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013341\/revisions\/777013348"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13232"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}