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Delta Corp shares plummet after receiving a Rs 16,822 crore tax notice, more than triple its market cap.
Delta Corp stock falls 15%, wiping off Rs 700 crore from market cap within 30 minutes of trade.
Delta Corp gears up to challenge the tax notice, deeming it arbitrary and contrary to law.
Recent setbacks for Delta Corp include its CFO's resignation and the postponement of its online gaming business IPO.
Delta Corp reports an 18.86% YoY rise in net profit and a 10.74% increase in revenue from operations for Q2.
Source: Moneycontrol, Economic Times