|Photo: Deccan Chronicle|
- In the real estate/urban infrastructure segment, PVP signed a joint development agreement with Unitech Ltd and Arihant Housing to build an integrated 70-acre township called north town in Chennai.
- In the sports consumption space, the company acquired the hyderabad franchisee of the indian badminton league (ibl) and christened it as the hyderabad hot shots. PVP Ventures Ltd recently informed the BSE that the Participation Agreement between PVP Ventures Limited and Football Sports Development Private Limited (an SPV formed by IMG Reliance; Star India and All India Football Federation) has been executed by the Parties. With the execution of this Agreement, now PVP Ventures Limited has become eligible to own a football team and participate in the football league being organized by Football Sports Development Private Limited and the first season of the Indian Super League (ISL) may commence in the month of September, 2014. Meanwhile, Kerala Chief Minister Oommen Chandy will have a meeting with cricket legend Sachin Tendulkar, who is a joint owner of Kochi football team along with PVP Ventures for the first Indian Super League to be held in eight cities.
- In the special situations vertical, it is continuously evaluating opportunities to build a portfolio of scalable and stable businesses driven by the burgeoning Indian consumption story.
Recently there were reports in Deccan Chronicle, 19 May, 2014, that after playing a big part in the TDP-BJP combine’s win, Pawan Kalyan has emerged as the real “power superstar”. On Monday, many of the elected MLAs and MPs visited the star to thank him for his support to the party. “Pawan Kalyan is now playing a big part in AP politics and is also close to Narendra Modi. So MLAs and MPs who are aiming for ministerial berths have asked the actor to recommend them,” says a source. The actor, however, says that he does not have any interest in playing ‘power politics’.
He has become all the more popular because in spite of launching his party, he did not contest. Another rumour is that Potluri Vara Prasad, a close friend of Pawan and the man who organised the Jana Sena party meetings for the actor, is trying for a Raja Sabha seat through Pawan. Prasad V. Potluri is founder and the man behind PVP Ventures Ltd. On the other hand, Deccan Chronicle, 22 May, 2014 writes that there are speculations, that the Prime Minister-designate Narendra Modi could reward Telugu superstar Pawan Kalyan with a Rajya Sabha berth for his contribution to the victory of the TD and BJP in the Lok Sabha elections in Andhra Pradesh. In both the cases the real beneficiary would be PVP Ventures Ltd.
The outlook for the company continues to be optimistic. The solid performance reported during 2012-13 is expected to sustain, marked by improved success in both businesses.
On account of Chennai enjoying a high proportion of purchases by end-users (more than 80 percent), the buoyancy in real estate realisations in the north town area is expected to sustain. of the 23 proposed townships (spread across more than 25 acres) in Chennai, north town is the only development in northern and central chennai. the company will progressively encash its total apartment inventory at the right junctures and enhance realisations.
As a result of the optimistic foundation in both businesses, the company expects to report a healthy and growing topline in the ensuing years, thereby enhancing value for its stakeholders.