PRESS RELEASE
7 October 2024

Deal Details: Delta Corp Limited | Demerger Of Hospitality & Real Estate Business

KC
Khaitan & Co LLP

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  • A leading full-service law firm with over 560 professionals with Pan-India coverage through offices in Mumbai, Delhi, Bengaluru and Kolkata
  • Lawyers and trusted advisors to leading business houses, multinational corporations, global investors, financial institutions, governments and international law firms
  • Responsive and relationship driven approach to client service on critical issues and along the business life cycle
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Khaitan & Co advised Delta Corp Limited (Formerly Arrow Webtex Ltd) in relation to demerger of the Hospitality and Real Estate Business of Delta Corp Limited into Delta Penland Private Limited...
India

Khaitan & Co advised Delta Corp Limited (Formerly Arrow Webtex Ltd) in relation to demerger of the Hospitality and Real Estate Business of Delta Corp Limited into Delta Penland Private Limited, that will be listed on the stock exchanges pursuant to the Composite Scheme of Arrangement under Sections 230 - 232 read with Section 66 of the Companies Act, 2013 with mirror shareholding.

The core team consisted of Hiten Kotak (Executive Director), Mehul Shah (Partner), Bhavin Vora (Executive Director), Aman Yagnik (Counsel), Jamsheed Dadachanji (Principal Associate), Mohak Shingala (Senior Associate) and Hiren Kukreja (Associate).

Media Links / Press Releases

https://www.moneycontrol.com/news/business/markets/delta-corp-stock-zooms-8-as-firm-announces-demerger-of-hospitality-and-real-estate-business-12829047.html

Contributor

  • A leading full-service law firm with over 560 professionals with Pan-India coverage through offices in Mumbai, Delhi, Bengaluru and Kolkata
  • Lawyers and trusted advisors to leading business houses, multinational corporations, global investors, financial institutions, governments and international law firms
  • Responsive and relationship driven approach to client service on critical issues and along the business life cycle
  • Specialists with deep sector, domain and jurisdictional knowledge to provide effective business solutions

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