Delta Corp shares gained 2% on 4 September after 7.5 million shares of the company changed hands.

In the afternoon trade on 4 September, around 7.5 million shares of the company, representing 1% equity of Delta Corp’s total equity, changed hands for Rs 45.6 crore.

The buyers and sellers have yet to be confirmed.

This comes two months after the new 28% GST that has been imposed on casinos, which states the company has to pay a 28% GST on the full face value of chips bought for playing against the earlier 28% GST on gross gaming revenue.

While the new rule has shrouded a veil of gloom, some investors seem impressed by the long-term opportunity thrown up by the gaming industry.

The company also has an online gaming subsidiary, Deltatech Gaming, whose IPO has been put on hold.

The trade comes hours after the Nazara Technologies board approved the issuance of Rs 100 crore worth of shares to Zerodha’s founders, Nikhil and Nithin Kamath.

At 3:30 p.m., the shares of Delta Corp closed at Rs 186.65 or 2.16% above its previous close on NSE.