Delta Corp and Deltatech Gaming sign agreement with Head Digital Works to strengthen online gaming presence

In what comes as a major development, Delta Corp and its subsidiary, Deltatech Gaming, have signed an agreement with Head Digital Works. Under the terms of the deal, Head Digital Works will acquire a 51% stake in Deltatech Gaming.

Following the acquisition, Deltatech Gaming is set to be merged with Head Digital Works, creating a more robust presence in the online gaming market. As part of the transaction, Delta Corp will acquire a 5.7% shareholding in Head Digital Works.

Head Digital Works is renowned for operating the popular online gaming brand ‘A23,’ which strengthens its position in the competitive digital gaming landscape.

Shares of Delta Corp settled at Rs 100.08 on the NSE today, jumping over 4.2%. The stock has corrected more than 30% in the last one year.

The company reported a 3.5% year-on-year (YoY) rise in net profit at ₹35.7 crore for the third quarter that ended December 31, 2024. Delta Corp’s revenue from operations dipped 7.5% to ₹194.3 crore in Q3, while EBITDA dropped 42.4% to ₹32.2 crore in the third quarter of this fiscal.