Online gaming company Head Digital Works (HDW), the parent company of gaming firm A23, has obtained Deltatech Gaming, the administrator of online poker platform Adda52.

HDW declared in a press discharge that the securing points to strengthen its online poker portfolio.

The exchange will take put in two stages for a add up to thought of Rs 491 crore ($57.5 million). At first, Head Advanced Works will secure a 51% stake in Deltatech Gaming taking after the merger.

Post-merger, DeltaCorp Limited will hold a 5.7% stake in Head Advanced Works.

Through this securing, HDW points to use Adda52's expertise and technological capabilities to quicken its development within the online gaming advertise.

Propelled in 2011, Adda52 offers a poker encounter with different amusement groups, competitions, and cash games, attracting both casual and professional poker players over India.

Concurring to HDW, the securing will upgrade the gaming encounter, drive technological advancements, and cater to advancing client preferences. The company plans to grow its poker trade, investigate new growth avenues, and construct a comprehensive and differentiated skill-gaming platform for its clients.

A23 claims to have over 75 million enrolled clients over India and works five games - rummy, fantasy, poker, carrom, and pool.

A23's net income stood at Rs 841 crore in FY24, compared to Rs 839 crore in FY23. In spite of the level income, controlled consumptions and expanded other pay made a difference A23 accomplish a 24% rise in net benefits to Rs 72 crore in FY24.

In November final year, A23 moreover completed its first-ever employee stock options (ESOP) buyback program worth $3 million.