Pacific Star Sports Services LLC to partner with Tanzania Cricket Association

Toyam Sports Limited (TSL), through its soon-to-be subsidiary Pacific Star Sports Services LLC, has entered into an agreement to partner with, ICC affiliated, Tanzania Cricket Association (TCA) to promote the sport of cricket, developing the sport and hosting various cricketing events in Tanzania.

The agreement is valid for a minimum duration of 10 years, subject to any extension / renewal of the agreement for additional 10 years. The agreement permits PSS to host various formats of cricket such as T10 international league, T20 international league, T20 domestic league, national women's tournament & national men's tournament.

Speaking on the development, Mr. Mohamedali Budhwani (CMD TSL) said "We are extremely happy to now partner with the TCA, an ICC associate member, in helping create a world class cricket league. With this partnership, we would cement our relationship with cricket in the African subcontinent. It was only a couple of months back that we had smooth concluded the 1st edition of the Africa Cup T20. This was preceded by the successful conduction of the 1st edition of Tanzania Cricket Premier League, followed by the Mazaplay for Oman Cricket Academy and subsequently getting inducted as a league partner in cricket Kenya's Mega T10 League. To refresh memories, thru PSS, we also own the rights to conduct various formats of cricket leagues and promote cricket in Kenya".

With all these developments over the past couple of months, we are now a force to reckon with in the sub-continent. What makes me happy and rather satisfied is the fact that most of our recent such associations, in the region, enable us / empower us to promote the sport of cricket in nations which are actually seeking to spreading the game regionally as well as increase local participation.

As also, TCA aims to take cricket to the grassroots, which completely resonates with one of our core themes, thereby making such associations / partnerships even more valuable to the company.

In many of our past press releases, we had promised more action going ahead not only in the cricket vertical but also other areas. And we are not shying away from keeping up with our promises or atleast attempting to keep up with them. As I sense, this momentum will only pick up over the next few months."

Shares of Toyam Sports Ltd was last trading in BSE at Rs. 17.17 as compared to the previous close of Rs. 18.07. The total number of shares traded during the day was 154426 in over 199 trades.

The stock hit an intraday high of Rs. 17.17 and intraday low of 17.17. The net turnover during the day was Rs. 2651494.00.

Source : Equity Bulls

Keywords

ToyamSports INE457P01020 PacificStarSportsServices Agreement Partnership TanzaniaCricketAssociation