Please find attached a media release by the Company, titled Reliance Industries Limited and Surrey announce their partnership in Oval Invincibles franchise in The Hundred."
RELIANCE · price
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Reliance Industries has announced a partnership with Surrey County Cricket Club to own and operate the Oval Invincibles franchise in The Hundred, England's premier short-format cricket league. The Oval Invincibles are one of the most successful and high-profile teams in The Hundred, and the partnership gives Reliance a foothold in UK cricket. Specific financial terms, ownership percentage, and deal valuation have not been disclosed in the announcement. This marks Reliance's entry into the international sports franchise space, expanding its brand presence beyond India into UK sporting properties.
This is a brand-building and lifestyle venture rather than a core business move, so it is unlikely to materially impact Reliance's near-term financials or stock price. Long-term, it strengthens Reliance's global consumer brand visibility through cricket, a sport with massive Indian viewership.