Indian real estate, gaming, and hospitality company Delta Corp. Ltd, through its subsidiary, Gaussian Software Private Ltd., will investment of $10 million in Jalesh Cruises Mauritius Ltd., part of entertainment to packaging company Essel Group.
Delta Corp noted that the investment will entitle Gaussian Software to subscribe to 10 million equity shares of Jalesh and as well enable the company to hold 25 percent stake in the Jalesh.
As part of the arrangement, the company has the right to be a preferred partner to manage and operate casinos and gaming centers in the cruise liners that will be operated by Jalesh.
The transaction is expected to be completed in one or more tranches, on or before June 30, 2019.