Kohli’s Agilitas Stake After One8 Merger
NCLT approves one8’s merger with Agilitas Sports, raising Virat Kohli’s stake from 1.8% to 6.4% as the brand eyes global growth.
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The National Company Law Tribunal’s (NCLT) Mumbai Bench has approved the merger of One8 Sports Pvt Ltd with Agilitas Sports Pvt Ltd. Virat Kohli’s stake in Agilitas rises to 6.4% from 1.8%, the company said on Thursday.
Kohli had earlier invested INR 40 crore (USD 4.2 million) in Agilitas. He will continue as one8’s co-founder and remain involved in the brand’s development.
Agilitas Co-founder and CEO Abhishek Ganguly said the integration gives one8 the operational capabilities to develop products and expand its reach, including design, research and development, manufacturing and retail. He added that product development and execution will be central to the brand’s long-term ambitions.
One8 plans to enter additional sporting categories and expand in the US, the UK, Canada and Australia, alongside India, to build a global sportswear brand originating in India.
Agilitas is building an integrated sportswear business across product development, manufacturing, brand building, distribution and retail. Its portfolio includes one8, Lotto, sports footwear manufacturer Mochiko Shoes and the retail initiative Sports Yard.
Virat Kohli said: “The aspiration is for the brand to outlast all of us, become a part of people’s lifestyle and ultimately stand on its own.”
The National Company Law Tribunal’s (NCLT) Mumbai Bench has approved the merger of One8 Sports Pvt Ltd with Agilitas Sports Pvt Ltd. Virat Kohli’s stake in Agilitas rises to 6.4% from 1.8%, the company said on Thursday.
Kohli had earlier invested INR 40 crore (USD 4.2 million) in Agilitas. He will continue as one8’s co-founder and remain involved in the brand’s development.
Agilitas Co-founder and CEO Abhishek Ganguly said the integration gives one8 the operational capabilities to develop products and expand its reach, including design, research and development, manufacturing and retail. He added that product development and execution will be central to the brand’s long-term ambitions.
One8 plans to enter additional sporting categories and expand in the US, the UK, Canada and Australia, alongside India, to build a global sportswear brand originating in India.
Agilitas is building an integrated sportswear business across product development, manufacturing, brand building, distribution and retail. Its portfolio includes one8, Lotto, sports footwear manufacturer Mochiko Shoes and the retail initiative Sports Yard.
Virat Kohli said: “The aspiration is for the brand to outlast all of us, become a part of people’s lifestyle and ultimately stand on its own.”
