Investments

NCLT admits Viacom18-Disney Star merger scheme

Last updated : May 20, 2024 13:05
SportzPower Team
May 17, 2024 11:05

The merger scheme between Reliance Industries Limited’s (RIL) Viacom18, its wholly owned subsidiary Digital18 and The Walt Disney Company’s Star India has been admitted by the Mumbai bench of the National Company Law Tribunal (NCLT). In an order passed on May 7, Viacom18, as part of internal restructuring, has proposed to transfer the various businesses conducted by it into its wholly-owned subsidiary, namely Digital18. Viacom18 proposed to be the holding company for the various businesses.

Jun 02, 2023 15:06
Puma Al Hilal FC
Puma partners with Al Hilal FC partnership for Saudi football
PUMA, one of the world’s leading sports brands, has announced its official five-year sponsorship with Saudi Arabia’s Al-Hilal FC, one of the world’s most decorated football clubs.  The groundbreaking partnership unites the two global giants as they come together to transform the country’s thriving and passionate football culture with dynamic new initiatives and products, a media release said.
Jun 01, 2023 12:06
Vettel and Erik Heil announce first Germany SailGP team
TWO OF GERMANY'S leading sports stars – four-time F1 World Champion Sebastian Vettel and double Olympic sailing bronze medallist Erik Heil – have come together, alongside team owner Thomas Riedel, to announce the Germany SailGP Team. 
Jun 01, 2023 12:06
BDT & MSD Partners invest in Under Armour
BALTIMORE: Under Armour, has announced that funds managed by BDT Capital Partners purchased approximately 16 million class C shares of Under Armour stock from Executive Chair and Brand Chief, Kevin Plank. BDT Capital Partners is an affiliate of BDT & MSD Partners, a merchant bank built to serve the distinct needs of business owners and strategic, long-term investors.
May 29, 2023 19:05
Revenant esports
Bollywood actor Tiger Shroff invests in Revenant Esports
NEW DELHI: Bollywood action superstar, Tiger Shroff, has forayed into the Indian esports industry with a decision to invest an undisclosed amount in Revenant Esports, one of India’s growing esports teams. The decision was announced in a joint press release on Monday.
May 25, 2023 19:05
Ampverse and DMI Finance in JV for esports IPs 
AMPVERSE, a gaming ecosystem based in Asia, and DMI Finance, the non-banking financial company (NBFC) of the DMI Group, have formed a joint venture to co-develop esports intellectual properties (IPs), as well as data-driven, tech-enabled products and services for gamers. 
May 25, 2023 19:05
Pro Panja League unveils Mumbai franchise
NEW DELHI: The Punit Balan Group has unveiled Mumbai Muscle as the newest addition to the Pro Panja League, India’s professional arm-wrestling spectacle. The team will be one of the six different franchises going head-to-head against each other at the tournament scheduled to be held from July 28-August 13 in Delhi.
May 25, 2023 19:05
Tennis Premier League
Paes is co-owner of Tennis Premier League Kolkata franchise
KOLKATA BORN tennis Icon, Leander Paes and Yatin Gupte, the chairman of Wardwizard Group, has come together to acquire a team from the City of Joy, which is set to compete in the season 5 of the Tennis Premier League. 
May 22, 2023 18:05
Pro Panja League logo
Pro Panja League announces sale of first two franchises
NEW DELHI: Pro Panja League has announced their first two franchises with Punit Balan Studios Private Limited acquiring the Mumbai franchise, and Ned Ventures led By Gautam Reddy getting the Hyderabad franchise.
May 22, 2023 18:05
adidas
adidas is the official kit sponsor for Indian cricket team
MUMBAI: The Board of Control for Cricket in India (BCCI) secretary Jay Shah confirmed on Monday that adidas will be the new kit sponsor for Team India.
May 22, 2023 18:05
RR logo
Rajasthan Royals likely to sell equity to Tiger Global
MUMBAI: The Indian Premier League (IPL) franchise, Rajasthan Royals, is likely to sell equity to American investment firm, Tiger Global Management, a news report has indicated.
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