“Delta has decided to make a strategic investment of Rs 99,99,88,000 in Peninsula Land (PLL), which will issue 1,50,00,000 equity shares and 77,27,000 CCDs at Rs 44/-. Furthermore, a joint venture is envisaged to be established between Delta & PLL with a capital outlay of Rs 250 crores, where Delta will be a majority stakeholder. This JV will help Delta expand into the sector,” the company said in an exchange filing.
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