Pursuant to Regulation 30, Company secures Exclusive Rights for the Mumbai Cricket Association Inter Corporate League/Inter Office League 2025.
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Awaiting price reaction for this filing.
Rose Merc Ltd has been granted exclusive rights to manage, promote, and run the inaugural MCA Inter Corporate League/Inter Office League 2025, sanctioned by the Mumbai Cricket Association through Mazgaon Cricket Club. The rights cover event management, team selling, sponsorship, league sponsorship, and marketing across TV, print, digital, and social media. The tournament will feature 100 corporate teams in a knock-out format and a secondary elite 8-team IPL-style league with 32 matches over 15 days, scheduled before end of 2025. The company was chosen based on its track record managing the Navi Mumbai Premier League. No financial details, deal value, or revenue projections were disclosed in the filing.
This gives Rose Merc a new business line in corporate sports event management, but without disclosed deal values or revenue estimates, it's hard to gauge how meaningful this is for shareholders. The stock could see some attention given the cricket association angle, though the actual financial impact remains unclear.