Mumbai, March 05, 2007: The Indian Cricket League (ICL), today announced Edelweiss Capital Limited as the Title Sponsor for it's upcoming tournament. The tournament will be called Edelweiss 20s Challenge. The announcement came along with the unveiling of tournament logo at a press conference held in Mumbai. | |
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| Speaking on the occasion, Kapil Dev, Chairman, Executive Board, Indian Cricket League (ICL) said, "We welcome Edelweiss on board and are happy with the overwhelming response we have received from the market. Edelweiss's association with the ICL is a support to young domestic Indian players who have been provided with an international standard platform, to display their cricketing talent. This support will be a sure step in strengthening domestic cricket in the country." |
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| Mr. Rashesh Shah, Chairman, Edelweiss Group said, "We are delighted to partner with ICL in promoting a sport that is a national obsession in India . The passion with which the sport is played and the new age 20/20 format that has caught the imagination of Indians, especially the youth is very compelling. And we are happy to be part of a movement which brings cricketing greats together with aspiring young cricketing talent across India." |
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| Starting March 9th to April 7th, the tournament promises 30-days of non-stop pulsating cricket which will be held in three locations "� Hyderabad, Chandigarh (Panchkula) and Gurgaon. Two new teams - Ahmedabad Rockets and Lahore Badshahs - have also been added to the existing six teams, making the tournament more comprehensive and competitive. With international cricketers of high stature being added to the league, the quality of cricket is expected to be on par with international standards. |
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| All cricket loving fans can watch the high-octane Edelweiss 20s Challenge on Ten Sports & Zee Sports. With a match every evening and double headers on specific week-ends, the tournament will have in total 34 matches. Each team will play against each other once in the league format, followed by semi-finals, third position classification match concluding with the best of three match finals. |
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| About Edelweiss Capital Limited |
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| Edelweiss Capital Limited (www.edelcap.com) is one of India's fastest growing diversified financial services companies. The single minded focus on thought leadership and relentless pursuit of the 'new' and 'different' be it in products, services or people has enabled it to grow at a CAGR of 100%+ year on year over the last five years. Edelweiss' services include investment banking, institutional equities, private client broking, asset management, wealth management, insurance broking and wholesale financing to corporate, institutional and high net worth individual clients. The company has built strong corporate, institutional and investor relationships, backed by a research-driven approach and a proven ability to capitalize on emerging market trends. Edelweiss Capital employs over 1500 employees including 40 research professionals, leveraging a strong partnership culture and unique model of employee ownership. It operates from 43 offices in 19 Indian cities. Edelweiss Capital shares are listed under the scrip code "EDELWEISS" on NSE and 532922 on BSE. |
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| About the Indian Cricket League (ICL) |
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| The ICL aims to achieve the right combination of international and promising domestic players for every regional team to make ICL as the most competitive domestic league in the country. It involves identifying talented young players from all over India and providing them a platform to harness their cricketing skills to the best of their potential. Another forthcoming initiative of ICL will be to set up a nation-wide infrastructure (cricket academies) equipped with state-of-the-art facilities. These academies will be headed by international & domestic coaches who have revolutionized the game. |
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