Peninsula Land Limited — Important, 18-04-2025: Updates

Delta Corp Limited has disclosed its acquisition of 77,27,000 equity shares in Peninsula Land Limited, following the conversion of 0% unsecured compulsorily convertible debentures. This conversion brings Delta Corp's total equity shareholding in Peninsula Land to 2,27,75,000 shares, accounting for approximately 6.87% of the company's equity. The transaction, valued at around ₹33.99 crore, was executed off-market. This development reflects Delta Corp's continued commitment to its investment in Peninsula Land and may enhance the latter's capital structure by converting debt into equity, potentially improving liquidity and financial flexibility. Investors should monitor this strategic move closely for implications on Peninsula Land's operational performance and shareholder value.