Sun TV Network Limited has informed the Exchange about Acquisition of 100% Equity in Northern Superchargers Limited, a Company registered in London, United Kingdom.
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Sun TV Network has received board approval to acquire 100% of Northern Superchargers Limited, a London-based cricket franchise that is one of the eight teams in 'The Hundred' league run by the England and Wales Cricket Board. The deal is valued at GBP 100.5 million (roughly ₹1,100+ crore), paid fully in cash through banking channels. This follows Sun TV's earlier win of the bid announced on February 6, 2025, and the acquisition is expected to close by December 31, 2025, after which Northern Superchargers will become a wholly owned subsidiary. The target is already profitable, with FY24 turnover of GBP 1.89 million. Sun TV already owns SunRisers Hyderabad (IPL) and SunRisers Eastern Cape (SA20), and this move extends its cricket footprint to the UK market.
This is a sizable overseas acquisition that expands Sun TV's sports business beyond India into the UK cricket market, offering diversification but also bringing currency and execution risk. For shareholders, the deal uses cash on the balance sheet rather than raising equity, and the target is already profitable, which may be viewed positively if the global cricket league continues to grow.