BackBCCI awards title sponsorship rights to Paytm for five more years
'The winning bid was at a price of ₹326.80 crores to be paid for 2019-23 home season,' BCCI said'We are excited to continue our long-term association with BCCI and the Indian Cricket Team,' said Vijay Shekhar Sharma
PremiumNew Delhi: One 97 Communications Pvt. Ltd, owners of Paytm, on Wednesday retained the sponsorship rights for BCCI's International and domestic matches with a winning bid of ₹3.80 crore per match.
The Board of Control for Cricket in India (BCCI) on Wednesday announced the deal with the Paytm, which had acquired the rights in 2015 for a four-year period.
"The winning bid was at a price of ₹326.80 crores to be paid for 2019-23 home season. The winning bid was ₹3.80 crores which is at 58% incremental value in comparison to the previous per match value of ₹2.4 crores," BCCI said in a statement.
"I'm pleased to announce Paytm as the BCCI home series title sponsor. Paytm is one of the new generation companies of India and we at the BCCI are proud of Paytm continuing its long-standing commitment with Indian Cricket," BCCI CEO Rahul Johri said in a statement.
Vijay Shekhar Sharma, Founder & CEO, Paytm said, "We are excited to continue our long-term association with BCCI and the Indian Cricket Team. Our commitment to Indian Cricket gets stronger with every season. India loves cricket and we at Paytm are the biggest fans of it."
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
