Sun TV Network Acquires 100% Stake in Northern Superchargers for GBP 100.5 Million to Expand Global Sports Portfolio
By Shishta Dutta | Published at: Jul 18, 2025 07:29 PM IST
Chennai, July 18, 2025 – Sun TV Network Ltd (NSE: SUNTV, BSE: 532733) has announced the acquisition of 100% equity in UK-based Northern Superchargers Limited for a cash consideration of GBP 100.5 million, marking a strategic expansion into international sports assets.
Deal Overview
The transaction was approved by Sun TV’s Board of Directors in a meeting held today between 2:30 p.m. and 3:40 p.m. IST. Upon completion, Northern Superchargers Limited will become a wholly owned subsidiary of Sun TV Network.
| Parameter | Details |
|---|---|
| Target Company | Northern Superchargers Limited |
| Country of Incorporation | United Kingdom (London) |
| Date of Incorporation | May 10, 2019 |
| Nature of Business | Sports – Cricket |
| Turnover FY24 | GBP 1,891,190 |
| Turnover FY23 | GBP 1,994,245 |
| Turnover FY22 | GBP 1,498,883 |
| Mode of Acquisition | 100% equity acquisition |
| Consideration | GBP 100.5 million (cash, via authorised dealer) |
| Regulatory Route | Automatic route under RBI |
| Target Completion | On or before December 31, 2025 |
Strategic Rationale
Sun TV already owns two cricket franchises: Sunrisers Hyderabad in the Indian Premier League (IPL) and Sunrisers Eastern Cape in South Africa’s SA20 League. This acquisition adds a third marquee franchise to its sports portfolio: Northern Superchargers, part of The Hundred, a 100-ball cricket league promoted by the England and Wales Cricket Board (ECB).
“We are enhancing our global footprint in sports and are investing into a profitable club that is part of ‘The Hundred’. With growing international interest, the league is poised for greater financial success,” said the company in its disclosure.
Noteworthy Points
- The transaction does not fall under related party transactions.
- The entity has shown consistent revenue growth over the past three years.
- Investment is being routed through the automatic approval route of the Reserve Bank of India.
Sun TV Network Stock Performance
Sun TV Network shares closed at ₹573, which is a 0.56% dip on July 18, 2025. Sun TV Network shares have declined 28% over the last year, 16% year-to-date, and 7.41% in the previous month.
Sun TV Network Ltd is currently trading with a market capitalisation of ₹22,590 crore. The stock opened at ₹577.05 and traded within a range of ₹565.75 to ₹581.20 during the session. The company’s stock has touched a 52-week high of ₹921.00 and a 52-week low of ₹549.30, indicating significant volatility over the past year.
About Sun TV Network
Sun TV Network Ltd is one of India’s largest media conglomerates, headquartered in Chennai. It operates multiple television channels across four South Indian languages, FM radio stations, and has expanded into sports franchise ownership globally. The company is listed on both the NSE and the BSE. This acquisition reinforces Sun TV’s ambition to become a dominant player in global sports media and entertainment.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/40bc6979-3f0a-450d-a985-f8e1e81debc5.pdf
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