Delta sinks 20% over 11, 140 crore tax blow
Monday, 25 September 2023
Delta Corp's stock fell 20% on Monday, to its lowest level since January 2021, after the firm said that it has received a notice to pay Rs 11,140 crore ($1.3 billion) in tax arrears. Delta, which is worth roughly Rs 47 crore, also stated that it and two of its subsidiaries were informed of an additional tax deficiency totaling Rs 5,680 crore between July 2017 and March 2022.
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