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Peninsula Land, Delta Corp, AA Group to set up Rs 765-cr realty platform

Peninsula Land, Delta Corp, AA Group to set up Rs 765-cr realty platform
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Delta Corp to invest Rs 100 cr in Peninsula Land, to also form Rs 250-cr joint venture

Delta Corp holding in the listed developer will move up to 4.88% post issuance of equity shares and 7.20% after the conversion of CCDs. Both equity shares and CCDs will be issued at Rs 44 each. Each CCD will be convertible on 16th April 2025 into one equity share.

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