Details of Invitation for Expression of Interest

Invitation for Expression of Interest

MASHAL SPORTS PRIVATE LIMITED INVITES EXPRESSIONS OF INTEREST FOR NEW FRANCHISE TEAMS IN PRO KABADDI LEAGUE

PKL League Expansion: Mashal Sports Private Limited (“Mashal”), hereby calls for expressions of interest (“EOI”) to be submitted by eligible persons, fulfilling the criteria provided for herein, who wish to participate in a competitive bidding process (“Tender Process”) proposed to be run for the award of the rights to own, operate and manage a proposed new franchise team which will compete in the Pro Kabaddi League owned and operated by Mashal (“PKL”) from and including the PKL seasons to be held in 2017 onwards, on such terms and conditions as agreed with Mashal.

Eligible Bidders: EOIs may be submitted by any person (a) who is a body corporate incorporated in India having a net worth (either itself or through its parent) of more than INR 100 crore as per its audited financials for the financial year ended on March 31, 2016 (“Net Worth Threshold”), or (b) on behalf of a consortium of persons, if such person is a member of such consortium, holds more than 51% of the voting / controlling and economic interest in such consortium and is a body corporate incorporated in India having a net worth (either itself or through its parent) in excess of the Net Worth Threshold.

Team Locations: Persons who are shortlisted to participate in the Tender Process on the basis of EOIs submitted in response to this invitation for EOI, may submit bids (in accordance with the Tender Process) for the award of rights to own, operate and manage city-based franchise teams in respect of up to all of the following four states: Tamil Nadu, Gujarat, Uttar Pradesh & Haryana.

EOI Submission Requirements: Eligible interested persons should submit an EOI in response to this invitation by no later than 11:59 pm IST on April 9, 2017. Such EOI must be submitted by way of an email (with all relevant attachments) to pkl@mashalsports.com. For details on eligibility criteria, terms and conditions regarding EOI submission, please visit www.prokabaddi.com/newteams. All EOIs submitted must necessarily contain all documents specified in such terms and conditions.

Bidder Selection: All shortlisted bidders will be invited to participate in the Tender Process. All shortlisted bidders will need to fulfil each of the requirements specified in the tender documents.

Confidentiality: Every person who submits an EOI pursuant to this invitation, undertakes and agrees that it shall keep confidential all information in connection with the EOI, including without limitation, the fact that it has submitted a bid, Mashal’s decision in relation to such shortlisting of bidders and any bidders being shortlisted to participate in the Tender Process or not, any shortlisted bidder’s intention to participate, and/or subsequent participation, in the Tender Process, and any information in connection with each of the foregoing, including the status thereof.

Mashal reserves the right, at its discretion, to cancel or amend the Tender Process, or any element thereof, at any stage and to reject any bids without being required to provide any reason for such rejection. Merely submitting an EOI does not entitle a person to the right to bid or participate in the Tender Process, nor does it in any manner ensure the success of such person’s EOI or subsequent bid.

This invitation for EOI is subject to compliance with the terms and conditions mentioned at www.prokabaddi.com/newteams

Date: March 29, 2017