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GMR Sports looks to unlock value: CEO
Mint Mumbai
|February 12, 2024
It holds 50% in Delhi Capitals, and also owns UP Yoddhas in Pro Kabaddi
GMR Sports, the sports management division of the Delhi-based GMR Group, is actively considering various strategic options, including a stock-market listing, to unlock its inherent value, its chief executive PKSV Sagar said.
GMR Sports is also exploring avenues to secure a strategic or financial investor, Sagar said, without sharing specific details.
"There is a very strong intent on unlocking the value at the GMR Sports level, and we are exploring as we speak.
We have not decided on whether it will be a stake sale or listing. It is difficult to give a timeframe. These are opportunities that will be evaluated over some time," the CEO said in an interview with Mint.
This move is part of GMR Sports' broader strategy to maximize its potential in the competitive sports industry.
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