Delta Corp shares zoomed 10% in fag-end of the session; here is why
Besides casinos, Delta Corp through its online gaming subsidiary Deltatech Gaming runs online real money games like poker, rummy, cricket etc.
In a major relief to Delta Corp, Kolkata High Court has stayed the show cause notice issued to the company in connection with the Rs 6,000 crore GST demand. " Kolkata High Court has stayed the show cause notice issued Delta Corp," Zee Business quoted sources as saying.
Meanwhile, shares of Delta Corp zoomed around 10 per cent intraday to trade at Rs 147.30 towards the end of the session. Last seen, the scrip held firmly in green and was trading at Rs 142.65. The scrip had closed at Rs 133.95 in the last trading session.
₹6000 Cr के GST डिमांड मामले में DELTA CORP को राहत, कलकत्ता हाईकोर्ट से मिली अंतरिम राहत सूत्रों के हवाले से खबर#DeltaCorp #KolkataHighCourt #StockMarket @AnilSinghvi_ pic.twitter.com/75qzyPn9yO
— Zee Business (@ZeeBusiness) November 30, 2023
Earlier, the Sikkim High Court had granted a stay on about Rs 628 crore GST demand order against the casino and online gaming company.
The Directorate General of GST Intelligence, Hyderabad on September 22 issued three demand notices against the company including a demand of over Rs 628 crore for the shortfall of tax paid by Delta Corp Limited in relation to Casino Deltin Denzong based out of Sikkim.
The company on October 14 updated stock exchanges that its subsidiary Deltatech Gaming Limited has received intimation from the Directorate General of GST Intelligence, Kolkata for payment of Rs 6,236.81 crore for the shortfall in taxes for the period between January 2018 and November 2022 and Rs 147.51 crore for period between July 2017 to October 2022.
Besides casinos, Delta Corp through its online gaming subsidiary Deltatech Gaming runs online real money games like poker, rummy, cricket etc.
With PTI inputs
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
04:14 PM IST