G Anil
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- 21 Feb 2012
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MUMBAI: Star India has acquired 74
per cent stake in Mashal Sports, which
is co-promoted by Anand Mahindra and
owns the successful Pro Kabaddi
League. The value of the deal is not
known.
Star, which is the official broadcaster
of the league, will now have control
over the entire league as a majority
owner of Mashal Sports.
This is the second time Star has got
itself involved in the league directly.
Earlier, it had formed a joint venture
(JV) with IMG Reliance to start the
Indian Super League (ISL), a
franchise-based football league.
Star India acquires 74% stake in Pro Kabaddi owner Mashal Sports | TelevisionPost.com
per cent stake in Mashal Sports, which
is co-promoted by Anand Mahindra and
owns the successful Pro Kabaddi
League. The value of the deal is not
known.
Star, which is the official broadcaster
of the league, will now have control
over the entire league as a majority
owner of Mashal Sports.
This is the second time Star has got
itself involved in the league directly.
Earlier, it had formed a joint venture
(JV) with IMG Reliance to start the
Indian Super League (ISL), a
franchise-based football league.
Star India acquires 74% stake in Pro Kabaddi owner Mashal Sports | TelevisionPost.com
