New Launch15 Nov 2024, 03:02 am
ID Info Business Services Ltd. to Organize Padel Tournaments in India with World Padel Company DWC-LLC
AI Summary
ID Info Business Services Ltd. has entered into a business agreement with World Padel Company DWC-LLC, a Dubai-based sports activity company, to organize, manage, promote, and conduct sports leagues, tournaments, and events across Padel sports disciplines in India. The agreement grants ID Info Business Services Ltd. the license to conduct, organize, and operate the World Padel League (WPL) in India, which will consist of multiple teams owned or operated by sports franchises and comprising male and female players. The league will be the only international league for the sport of padel in India.
Key Highlights
- ID Info Business Services Ltd. has entered into a business agreement with World Padel Company DWC-LLC for organizing Padel tournaments in India.
- The agreement grants ID Info Business Services Ltd. the license to conduct, organize, and operate the World Padel League (WPL) in India.
- The WPL in India will consist of multiple teams owned or operated by sports franchises and comprising male and female players.
- The WPL will be the only international league for the sport of padel in India.
- The agreement is in line with Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.