Silly Monks, a city-based digital media entertainment firm, today said it has acquired a 51 per cent stake in Chintala Sports Private Limited for an undisclosed amount.
According to a press release issued by Silly Monks, Chintala Sports is the curator of Telangana Premier Kabaddi League (TPKL), a regional avatar of the hugely successful Pro Kabaddi League (PKL), in its second season in 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 said.
TPKL's matches are scheduled to begin from September 14 to September 30, which will be held in Hyderabad.
Silly Monks Managing Director, Mr Sanjay Reddy, who now takes over as the League Commissioner said, "My years at ESPN, Star Sports and Sony Max handling major sports events such as World Cup Cricket, Wimbledon and English Premiere League piqued my interest in sports entertainment.
Nurturing a similar property in my home state was but a matter of time and when opportunity struck, Silly Monks was more than interested in being at the core of TPKL.