Iconik Sports and Events Ltd enters into license agreement with World Tennis Company DWC-LLC

Iconik Sports and Events Limited (Formerly Known as ID info Business Services Limited) (BSE Scrip Code - 511260) has entered into a License Agreement (hereinafter collectively referred to as"Agreement") with World Tennis Company DWC-LLC ("WTL"), a company incorporated under the laws of UAE, having its office at Premises No.- OESD-52, Floor No. 4, DLC-BC-A2, Dubai South, United Arab Emirates. Under the Agreement, WTL grants the Company a license to conduct, organize and operate an international Tennis League in India, including all matches, player auctions, ceremonies, and events. The League will feature multiple teams owned by franchises and may include both Indian and international players, as determined by WTL.

The Company agrees to pay WTL, a license fee which shall be equivalent to the 40% of the Revenue earned from each WTL event completed by the Company ("License Fee"). The License Fee shall be payable within 60 (Sixty) days of completion of the Event.

The Company plans to launch the World Tennis League in India in partnership with WTL to tap into the growing interest in tennis and premium sports entertainment. This initiative aims to boost brand visibility, generate diverse revenue streams, nurture local talent, and engage a wide audience through a globally styled, franchise-based league format.

Source : Equity Bulls

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IconikSportsandEvents LicenseAgreement WorldTennisCompany WTL