Virat Kohli takes big leap in Agilitas Sports stakes after One8 merger; what it means for both companies? Full details
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Virat Kohli increased his ownership in Agilitas Sports from 1.4% to 6.4% following the merger of his brand One8 Sports.
- ✓The cricketer said, "The opportunity to realise a dream of mine in terms of building a sports brand while I was still playing was something I always wanted."
Story at a Glance
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- MARKET
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- mint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Virat Kohli took a big leap as far as his ownership in in Agilitas Sports, as the former India captain increased his ownership from 1.4% to 6.4%, following the merger of the cricketer's brand One8 Sports. The development came into light after both Agilitas Sports and One8 Sports issued a joint public statement. Kohli is currently on national duty for the ODIs in New Zealand.
The merger was approved by the Mumbai bench of the National Company Law Tribunal (NCLT) of One8 Sports Pvt Ltd with Agilitas. The 38-year-old will remain as the co-founder of the One8 Sports and remain closely involved in building the sportswear brand, the statement further added.
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