Delta Corp sinks 23% in 2 days post tax notice; Kacholia sells 0.6% equity

Shares of Delta Corp hit a 33-month low of Rs 134.70, as they slipped 6 per cent on the National Stock Exchange (NSE) in Tuesday’s intra-day trade as investor Ashish Rameshchandra Kacholia sold 1.5 million shares on Monday via open market.

In past two trading days, the stock of casino operator has tanked 23 per cent after the company received a tax notice totaling Rs 16,822 crore last Friday, September 22. It also received interest and penalty from the Directorate General of GST for the period July 2017 to March 2022.