Franchise in UAE’s T20 league acquired by Gapri Global

UAE’s T20 League is Emirates Cricket Board’s sanctioned, flagship professional T20 League.

Capri Global is one of India’s leading Non-Deposit Taking Systemically Important Non-Banking Financial Companies with a USD 1 Billion+ market cap.

 UAE,Dubai,Wednesday, 9th March2022:

Capri Global has made its first ever historic foray into cricket by acquiring a franchise in UAE’s T20 league.

Capri Global Group’s interest varies across sectors through its subsidiaries and net worth of the Group is in excess of Rs. 3,800 Cr. Key ventures of the Group are Non-Banking Financial Company (NBFC), Stressed Assets Fund (SAF) and Sports Venture. The Group Company, Capri Global Capital Limited (CGCL) is one of India’s leading Non-Deposit Taking Systemically Important Non-Banking Financial Companies with a USD 1 Billion+ market cap. Promoted by a first-generation entrepreneur, Mr. Rajesh Sharma, CGCL is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Rajesh Sharma, Managing Director of Capri Global Capital Limited said; “We are delighted to acquire a franchise in UAE’s T20 league. Our foray into sports franchising allows Capri Global to leverage on the passion that Indian audience has for cricket. We see great synergy coming through this alliance, including a host of exciting moments that are set to elevate the cricketing experience for our Indian audience at the global platform. We believe that the land of opportunity through its sports IP has created an image that accurately depicts what represents the UAE. We wish UAE’s T20 League a very successful season and hope to see them hosting many more in the years to come”.

 Khalid Al Zarooni, UAE’s T20 League Chairmanand Vice Chairman Emirates Cricket Board said; “I am very excited to welcome Mr. Sharma to UAE’s T20 Family! To have a partner who is acknowledged as one of India’s leading investment bankers, buying into the UAE’s T20 vision and investing into sports properties with a long term investment perspective is a testament to the strength of UAE’s T20 League’s Business Model and its value proposition to its stakeholders and an ode to the UAE as the destination of choice for global sports events.”

 MubashshirUsmani, General Secretary Emirates Cricket Board said; “We are extremely pleased that a legendary investment professional like Rajesh Sharma has chosen to partner with the UAE’s T20 League. This is a resounding thumbs up to the unique opportunity that UAE’s T20 league offers.

ABOUT UAE’s T20 LEAGUE:

UAE’s T20 League is a professional franchise-based T20 format cricket tournament with 6 franchise teams competing in a 34-match event. UAE’s T20 League combines two of the most compelling aspects of global sport – world class infrastructure coupled with the most favorable time zone catering to cricket fans around the world. Reliance Industries Limited, Lancer Capital, the GMR Group and Capri Global have acquired a team each in UAE’s T20 League.

About Capri Global

Capri Global Group’s interest varies across sectors through its subsidiaries and networth of the Group is in excess of Rs. 3,800 Cr. Key ventures of the Group are Non-Banking Financial Company (NBFC), Stressed Assets Fund (SAF) and Sports Venture (Owner of Sharjah Franchise a part of UAE T20 League). The Group Company, Capri Global Capital Limited (CGCL) is a Non-Banking Financial Company (NBFC) listed on the BSE and NSE and is part of the NIFTY Smallcap 250 Index. The primary focus of CGCL lies in serving the underserved segments of Micro-Small and Medium Enterprises (MSME) through secured lending.

CGCL’s wholly owned subsidiary, Capri Global Housing Finance Limited (CGHFL) is focused on the Affordable Housing Finance space. CGHFL is a key contributor to the Government of India’s Flagship scheme, Pradhan MantriAwasYojna. The Company has customer base of more than 34,000 as on Dec’21 being served through 110 branches spread across 10 States & Union Territories with an employee base of ~2,500.