Sportking India Limited — JV/Acquisition, 26-10-2024: Amalgamation/Merger

Sportking India Limited's Board approved the unaudited financial results for the quarter and half-year ending September 30, 2024, reporting a profit of ₹2,502.17 lakhs. The Board also granted in-principle approval for a merger with Marvel Dyers and Sobhagia Sales, and plans to invest ₹12.09 crores for a 26% stake in Evincea Renewable Two to support its solar power initiatives, expecting a cost saving of 10-12%.