RPSG Ventures Ltd to hold 51% stake in Lucknow franchise of IPL

RPSG Ventures Ltd was declared the successful bidder for the right to own and operate the Lucknow Franchise of the Indian Premier League ('IPL') at Bharat Ratna Shri Atal Bihari Vajpayee Ekana Cricket Stadium from and including the 2022 season, by the Board of Control for Cricket in India ('BCCI').

For the purpose of the above, a subsidiary of the Company, namely RPSG Sports Private Limited has been incorporated wherein the Company is holding a 51% stake and the balance stake is held by private and unlisted company of RP-Sanjiv Goenka group. The Franchise Agreement has been executed on 24 November, 2021 by RPSG Sports Private Limited with the BCCI where the Company is a confirming party.

Shares of RPSG VENTURES LIMITED was last trading in BSE at Rs. 692.60 as compared to the previous close of Rs. 707.45. The total number of shares traded during the day was 3202 in over 545 trades.

The stock hit an intraday high of Rs. 710.35 and intraday low of 688.35. The net turnover during the day was Rs. 2224674.00.

Source : Equity Bulls

Keywords

RPSGVENTURESLIMITED INE425Y01011 RPSGVENT LucknowFranchise IPL BCCI