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Shares of Delta Corp soar over 10 per cent as subsidiary files paper for IPO

Delta Corp IPO Securities and Exchange Board of India

Shares of Delta Corp soar over 10 per cent as subsidiary files paper for IPO (File Photo)

Mumbai: Shares of Delta Corp soared sharply on Friday after the company's subsidiary Deltatech Gaming filed a draft red herring prospectus (DRHP) with the Indian capital markets regulator the Securities and Exchange Board of India for IPO.

DRHP is a document that consists of the company's financial details, future prospects, and other key aspects regarding the business, and is being filed to the regulator to raise money essentially via public offerings of its shares.

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