clear clear clear clear clear
   Scoops & News

Shilpa Shetty & boyfriend Raj Kundra enter IPL

February 4, 2009 4:16:35 PM IST
Bollywood Trade News Network
Send to Friend



Rajasthan Royals, Champions of the inaugural Indian Premier League (IPL) in 2008 today announced selling an equity stake to London based entrepreneur Raj Kundra and his partner, well known Bollywood celebrity, Shilpa Shetty. Raj Kundra is the Chief Executive Officer of Essential General Trading LLC. Shilpa Shetty is the Chief Executive Officer of S2 Global Productions Pvt Ltd., which is her home film production company. The announcement was made by Manoj Badale, Chairman and joint owner, Rajasthan Royals.

Says Shilpa Shetty, Chief Executive Officer, S2 Global Productions Pvt. Ltd, ''We've taken a strategic approach in investing in Rajasthan Royals. Cricket is not a sport in our country, it's a religion. I am very passionate about Cricket and who better to invest in than the current reigning IPL champions. It completes the proven success story for an IPL team merging with Bollywood.''

CHECK OUT: Shilpa Shetty's third home

Says Raj Kundra - Chief Executive Officer, Essential General Trading LLC, Dubai, ''The benefits to us investing in this venture was to add to the already new found success of last year's underdogs who went on to become the Champions and to add the winning formula of Bollywood to create a true global cricket brand. I believe Shilpa Shetty getting involved would just complete Rajasthan Royals and will certainly add to its valuation.''

Says Manoj Badale - Chairman & Joint Owner, Rajasthan Royals, ''It is our pleasure to welcome our new investors Mr. Raj Kundra and Shilpa Shetty to the Royals family. The selling of this stake is part of our long-term strategic approach to make Rajasthan Royals a global cricket brand. Our objective is to support investment in key areas of player development infrastructure; positioning for acquisition of international acquisition and to also support continued investment in our playing staff.''

- download SHILPA SHETTY wallpapers


 More on Glamsham

- After Aamir Khan, now John Abraham comes forward to help Assam flood victims - News
- After Esha, now Kalki Koechlin gets trolled for her nude photo - News
- Aishwarya Rai Bachchan to romance Maddy in FANNEY KHAN? - News
- BAREILLY KI BARFI is all set for sweet success! - News
- Birthday girl Gauahar Khan looks elegant and graceful in her recent pic! - News
- Filmmaker Vishal Bhardwaj lends his voice for Amole Gupte's SNIFF!!! - News
- JUDWAA 2 first trailer: Varun's dhamaal antics & Kamaal acting reminds of Salman Khan! - News
- Kapoor girls and their gang kicks off VEERE DI WEDDING's reading session - News
- SECRET SUPERSTAR new song 'Main Kaun Hoon' embark on self-discovery journey - News
- Varun Dhawan's JUDWAA 2 trailer launched amidst 100 pairs of real Judwaas! - News
- A Gentleman - Music Review
- Babumoshai Bandookbaaz - Movie Preview
- Qaidi Band - Movie Preview
- Sniff - Movie Preview
- A Gentleman - Movie Stills

   News Archives


A Fifth Quarter Infomedia Pvt. Ltd. site.