BAJAJ BROKING
Delta Corp, Peninsula Land, and AA Group form a ₹765 crore real estate platform. Delta contributes ₹90 crore, AA Group ₹450 crore, and Peninsula ₹225 crore. The focus is on residential redevelopment and plotted development in Mumbai and nearby areas.
Delta Corp Limited partners with Peninsula Land and Alpha Alternatives Fund Advisors in a ₹765 crore real estate platform targeting Mumbai and surroundings. The joint entity will focus on residential redevelopment and plotted development in the Mumbai Metropolitan Region, Alibaug, Khopoli, Karjat, and Pune.
Additional Read: Share Market News
AA Group leads with ₹450 crore, Delta Corp contributes ₹90 crore, and Peninsula Land invests ₹225 crore into the project. Peninsula Land will provide development management services, leveraging Delta Corp's real estate expertise. Delta Corp commits to non-competing activities within the real estate sector as part of the collaboration.
Delta Corp funds its contribution internally, remaining debt-free while concentrating on core gaming and hospitality businesses. The collaboration aims to unlock real estate value with a focus on project selection and timely execution.
The platform anticipates operating for up to 36 months, with Delta Corp emphasising a continued focus on its core businesses. Delta Corp also emphasises its commitment to remain debt-free, indicating a prudent financial approach amidst its real estate foray.
Sources:
https://www.cnbctv18.com/market/delta-corp-share-price-765-crore-real-estate-platform-peninsula-land-mmr-redevelopment-plot-19408415.html
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Godrej Properties Acquires 53-Acre Land in Kolkata for ₹500 Crore
21 Nov, 2024 | 2 Min. read
GNFC Partners with INEOS to Build 600kt Acetic Acid Plant in Gujarat
21 Nov, 2024 | 2 Min. read
Adani Infra Launches Open Offer to Buy 26% Stake in PSP Projects
21 Nov, 2024 | 2 Min. read
UPL’s Advanta Secures $350M Investment from Alpha Wave Global
21 Nov, 2024 | 2 Min. read
Commodities Market Today | Crude Oil Drops, Gold Rises, Silver Falls in Market Moves
21 Nov, 2024 | 1 Min. read
Share Market Today | Gift Nifty Signals Weak Opening, Indian Markets May Consolidate
21 Nov, 2024 | 4 Min. read
Gold Rate Today | Gold Gains 0.9% to $2,653.50, Silver Drops 1%
21 Nov, 2024 | 2 Min. read
Know C2C Advanced Systems IPO Review, Objective & Applying Process
21 Nov, 2024 | 1 Min. read
Explore the List of Top Education Stocks in India
21 Nov, 2024 | 8 Min. read
What are Reverse Stock Splits: Meaning & Example
21 Nov, 2024 | 7 Min. read
How to Apply Under Shareholders' Quota in NTPC Green Energy IPO?
21 Nov, 2024 | 1 Min. read
What is Personal Finance? Meaning & Importance
21 Nov, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading