A23 parent Head Digital to acquire 51% of Deltatech Gaming shareholding

Delta Corp Limited will acquire approximately 6% of the shareholding in Head Digital, which operates the online gaming brand A23, for Rs 491 crore

by e4m Desk
Published: Feb 21, 2025 8:53 AM | 1 min read

Head Digital Works Private Limited (A23) has announced the acquisition of Deltatech Gaming Limited, which operates one of India’s oldest online poker platforms Adda52.

The transaction will be executed in two phases for a total consideration of approximately Rs 491 crores.

HDW will initially acquire 51% of Deltatech Gaming, followed by a merger of DGL into HDW. Upon completion of the merger, DeltaCorp Limited ("DCL") will hold a 5.7% stake in HDW.

Deepak Gullapalli, Founder and CEO of Head Digital Works said, "The acquisition will enable us to offer an enriched gaming experience, drive technological advancements, and cater to the evolving preferences of our users. Adda52 has been a trailblazer in the online poker arena with an excellent platform and a strong, loyal user base. By combining our strengths, we aim to expand our poker business, accelerate growth through new avenues and create India's most comprehensive and diversified skill-gaming platform for our customers.”

Commenting on the development, Ashish Kapadia, Managing Director, DCL said, “We’re excited for this journey with Deepak and team, whose leadership has been instrumental in shaping the online Rummy market in India. We believe that this transaction will help Adda52’s leading position in the online poker market.”