Silly Monks acquires 51% stake in Chintala Sports

Silly Monks
Source: Official Website

Hyderabad: Hyderabad-based digital media entertainment firm Silly Monks, which was recently listed on the National Stock Exchange (NSE), has acquired a 51 per cent stake in Chintala Sports.

Chintala Sports is the curator of Telangana Premier Kabaddi League (TPKL), a regional avatar of the Pro Kabaddi League (PKL), in its second season this September.

TPKL entered the sports league arena in 2017, with its first season held at Warangal and Karimnagar between January 21 and February 7, 2017.

It brought to the fore the game of Kabaddi from the hinterlands of Telangana and ensured that local players were given the right exposure to talent hunters for the national leagues. In its second season this year, TPKL plans to adopt the franchise model that is currently followed by Pro Kabaddi League and other major sports leagues in the country.

TPKL’s matches are scheduled to begin from September 14 to September 30, 2018, which will be held in Hyderabad.