Sun TV Network Limited has informed the Exchange regarding outcome of the Board meeting held on July 18, 2025.
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Awaiting price reaction for this filing.
Sun TV Network's board, at its meeting on July 18, 2025, approved the acquisition of 100% equity in Northern Superchargers Limited, a London-based franchise of 'The Hundred' cricket league run by the England and Wales Cricket Board. The deal is valued at GBP 100.5 million (around ₹1,100+ crore depending on exchange rate), payable in cash through banking channels. Northern Superchargers is already profitable, with FY24 turnover of GBP 18.91 lakh. On completion (targeted by December 31, 2025), it will become a wholly owned subsidiary of Sun TV. The company already owns two cricket franchises — SunRisers Hyderabad (IPL) and SunRisers Eastern Cape (SA20) — and is using the RBI automatic route for the foreign investment.
This expands Sun TV's global sports footprint into the UK market, adding a third international cricket franchise to its portfolio. While the acquisition diversifies revenue streams and brings a profitable asset, the GBP 100.5 million (₹1,000+ crore) outflow is significant and could draw mixed short-term market reaction until synergies and returns from 'The Hundred' become visible.