Wednesday , June 29 2022

Deltatech Files INR 550 Crore IPO

Formerly known as Gaussian Network Private Limited, Deltatech Gaming, a wholly-owned real money gaming subsidiary of casino operator Delta Corporation, has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for a Rs 550 crore initial public offering (IPO).

The company plans to use INR 150 crore of the fresh funding for organic growth, through marketing and business promotion activities that attract new gamers and retain existing gamers, and an additional INR 50 crore in strengthening technology capabilities.

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