This compares to the company's third-quarter net revenue of 2.71 billion that it reported last week and a notice to pay tax arrears of 111.40 billion rupees last month.

Delta shares fell 10% to their lowest since November 2020 following the news, after the company lost roughly 40% of its market share this year.

In July, the country's Goods and Services Tax (GST) council decided to impose a 28% indirect tax on money collected by gaming companies.

While global investors have urged Indian Prime Minister Narendra Modi to review the 28% gaming tax, citing a setback to prospective investments of about $4 billion, the country's revenue secretary had said there was no need to rethink the tax.

($1 = 83.2575 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)