Head Digital Works (HDW), an online skill gaming company, announced on Friday its plan to acquire Deltatech Gaming Ltd (DGL), the parent company of online poker platform Adda52, for ₹491 crore. According to a company statement, the acquisition will occur in two phases.
“HDW will acquire 51 per cent of Deltatech Gaming, followed by a merger of DGL into HDW. Upon completion of the merger, DeltaCorp Ltd (“DCL”) will hold a 5.7 per cent stake in HDW,” it said.
HDW builds and manages real-money gaming platforms, including A23 Rummy and A23 Poker.
“We’re excited about this journey with Deepak and the 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,” said Ashish Kapadia, Managing Director, Deltatech Gaming.
With this acquisition, HDW aims to strengthen its position in the online gaming industry, expanding its portfolio and market reach. The deal is expected to enhance its offerings and provide a more diverse gaming experience for users.
