As per the exchange data, ace investor Ashish Kacholia sold considerable shares of Delta Corp on September 25.
Kacholia on Monday, sold 15 lakh shares of the casino company at an average price of ₹144.65. The sale was done through a bulk deal on the NSE. The deal was worth around ₹21.6 crore. The shares of the company have been downbeat even since the announcement of 28% GST.
See Also: Why This Tata Stock Is Upbeat Today
The company has also been served tax notices amounting to ₹16,822 crore from the Directorate General (DG) of GST Intelligence. Delta Corp disclosed that it has received a notice amounting to ₹11,140 crore and notices amounting to ₹5,682 crore have been served in relation to its subsidiaries Casino Deltin Denzong, Highstreet Cruises, and Delta Pleasure Cruises. The development led to the stock falling over 18% on Monday.
On Tuesday morning, the stock continued to extend losses for the seventh straight session. Since the start of the year, the stock has gone down over 30%. Ace investor Mukul Agrawal has been a long-time investor in the company and currently owns a 1.23% stake in the company.
Price Action: Delta Corp’s share price was down 1.16% to trade at ₹141.15 in early trade on Tuesday.
Read Next: Get Ready To Pay More: Hero Motocorp Revises Karizma XMR’s Price
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.