Delta Corp told ET Now it will not comment on market speculation. And, ace2three.com declined to comment on the story.
Sources say Delta Corp on its part is keen to structure the buyout via conversion instruments, whereas ace2three.com might insist on a cash component.
The deal talks between both sides are still at an exploratory stage, but sources say both companies would like to announce the proposed transaction by mid October.
Last fiscal, ace2three.com EBITDA stood at around Rs 100 cr, and sources say its is being forecast to be significantly higher for this fiscal.
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