NewsStocksIconik Sports and Events Limited Forges Strategic Alliance with Dubai's GAME CHANGERS FZCOIconik Sports and Events Limited Forges Strategic Alliance with Dubai's GAME CHANGERS FZCO
Iconik Sports And Events, a Mumbai-based company, has formed a strategic partnership with Dubai's GAME CHANGERS FZCO through an MoU. The agreement involves mutual promotion during their respective sports leagues without financial exchange. Iconik will promote the 'South Africa Champions' team in their League's Season 3, while GAME CHANGERS will promote Iconik during the 2025 World Championship of Legends. This non-related party transaction aims to boost brand visibility and commercial growth for both entities in their respective markets.
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Iconik Sports And Events , a Mumbai-based company, has announced a strategic partnership with GAME CHANGERS FZCO, a Dubai-based free zone company. This international collaboration, formalized through a Memorandum of Understanding (MoU), aims to boost brand visibility and support commercial growth for both entities in their respective sports leagues.
Key Partnership Details
- Mutual Promotion: Iconik Sports will promote the 'South Africa Champions' team during Season 3 of their League.
- Reciprocal Marketing: GAME CHANGERS will promote Iconik Sports and its League during the 2025 World Championship of Legends season.
- No Financial Consideration: The agreement does not involve any monetary exchange between the parties.
- Non-Related Party Transaction: The partnership is not classified as a related party transaction.
About GAME CHANGERS FZCO
GAME CHANGERS FZCO is registered under the Dubai Integrated Economic Zones Authority (DIEZA) in the United Arab Emirates. The company's financial structure is as follows:
| Metric | Value |
|---|---|
| Equity Value | 100,000.00 |
| Number of Shares | 1,000.00 |
| Per Share Value | 100.00 |
Strategic Implications
This partnership represents a significant step for Iconik Sports and Events Limited in expanding its international presence. By aligning with a Dubai-based entity, the company is positioning itself to gain exposure in the Middle Eastern market while simultaneously promoting its brand during a major international sports event.
Management's Perspective
Kannan Krishnan Naiker, Managing Director of Iconik Sports and Events Limited, signed the disclosure, underscoring the importance of this strategic move for the company's growth and brand enhancement strategies.
Regulatory Compliance
The partnership announcement adheres to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Iconik Sports and Events Limited, listed on the BSE with scrip code 511260, has duly informed the exchange about this development, maintaining transparency with its stakeholders.
This strategic alliance between Iconik Sports and Events Limited and GAME CHANGERS FZCO marks a notable development in the sports and events sector, potentially opening new avenues for cross-promotional activities and market expansion for both entities.
Historical Stock Returns for Iconik Sports And Events
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | +10.25% | +15.75% | +354.44% | +354.44% | +400.88% |
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