April 21, 2017 / 3:34 PM / 3 months ago

BRIEF-Delta says broad-based black empowerment consortium wishes to take 51 pct stake in co

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April 21 (Reuters) - Delta Property Fund Ltd:

* Has been approached by a broad-based black empowerment consortium led by management of co

* Consortium wishes to subscribe for a shareholding of up to 51 pct in Delta

* Board has constituted an independent sub-committee to assess terms of proposed transaction

* Proposed transaction may have a material effect on price of Delta shares Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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