Delta Corp announces demerger of its businesses; share jumps 10%

Casino stock Delta Corp Ltd skyrockets 10% to ₹141.85 per share after the company announced plans to demerge its hospitality and real estate businesses into a new entity, Delta Penland Private Limited (DPPL). This strategic move aims to unlock value and create growth opportunities. Following the demerger, shareholders will receive one DPPL share for each Delta Corp share held.