Preity Zinta didn't act in single scene but turned Rs 35 crore into Rs 3500000000 through…, in IPL 2025 her team can…
When the IPL began in 2008 the BCCI was bringing industrial houses and Bollywood stars as investors. Among them was Preity Zinta, who invested a portion of her wealth in IPL.
Till then she was famous for her blockbuster hits in Bollywood. Later on she distanced herself from movies and entered in business. IPL Returns
Preity Zinta invested Rs 35 crore to become the owner of a team. This was none Punjab Kings (PBKS) which was known as Kings XI Punjab. Her Rs 35 crore investment gave her 23% stake in the team. How Rs 35 crore Became Rs 350 crore?
Eighteen years later, the returns on Preity's IPL investment can surprise you. Her initial Rs 35 crore investment has grown massively and is now valued at Rs 350 crore.
Preity Zinta's earnings are also linked to the success of the overall IPL event. Over the years, the league's popularity grew. The value of TV rights, ratings, and broadcasting time slots increased which indirectly benefited IPL teams and their owners as well.
According to a Business Today report, Preity Zinta's wealth growth through IPL is a case study for investors. In just over 15 years, her returns are higher than many other regular investments. This success is also because of building the team and hard work of the player. Punjab Kings 2025 Earnings
The report also highlights that in the 2024 season the team was at ninth position. But still Punjab Kings earned Rs 664 crore in revenue with a profit of Rs 252 crore. Now that the team is reaching the finals in the 2025 season as runners-up it can increase its profits more.
Punjab Kings is now more than just an IPL team. It is also becoming a global brand with investments in other cricket leagues worldwide. The team has a presence in the Caribbean Premier League, where it owns the Saint Lucia Kings franchise.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
27 minutes ago
- Time of India
Mumbai: EOW books R A Associates for allegedly selling same flat twice
MUMBAI : The Economic Offences Wing of Mumbai Police booked developer R A Associates for allegedly selling the same flat twice, causing a financial loss of over Rs 6 crore to a 71-year-old businessman. The businessman, along with his family members, had booked flats in Dadar in 2014. The complainant, Pawan Arya, a resident of Nepean Sea Road, lodged a complaint last week with the Matunga police station against the developer R A Associates and its directors, Rajendra Kothari and Sushil Kothari, under various BNS sections of cheating, forgery, and breach of trust. The case was transferred to the EOW. Arya, who jointly runs multiple businesses with his wife, son, and daughter-in-law, stated in the FIR that the family firm-Arya Ship Industries entered into a registered purchase agreement on 18 July 2014 with R A Associates to buy Flat No. B/3101 in R A Residency, located in Dadar (East). According to Arya, a sum of Rs 5.47 crore was paid to R A Associates at the time, with the balance ₹60.80 lakh cleared between October and November 2022. After repeated delays in possession, the flat was finally handed over on 14 June 2023, and Arya's company took control of the said flat. The company also secured electricity and property tax registrations in its name and received written confirmation from the builder. The Arya family was happy that after 10 years, they finally got possession of their flat, but their happiness did not last long after they learned that the same flat had already been sold—without the company's knowledge or consent—to another party. According to certified documents accessed via the Sub-Registrar's portal, the flat was registered on 13 July 2022 in the name of three individuals: Navinchand Devraj Dedhia, Forum Rajiv Dedhia, and Rajiv Navinchand Dedhia. Arya alleges that the builders, Sushil Kothari and Rajendra Kothari, partners of R A Associates, forged cancellation details of the original 2014 agreement in the later sale deed, despite no actual cancellation occurring. The 2022 document does not contain any annexed agreement of cancellation, raising serious doubts about the legitimacy of the second sale. In a notarised affidavit dated after the second sale, Sushil and Rajendra Kothari allegedly admitted to executing the second transaction under financial duress, citing losses during the Covid-19 lockdown. They promised to resolve the matter but failed to act, Arya's complaint states. "This fraudulent act has not only caused a direct financial loss of Rs 6.08 crore to Arya Ship Industries but also rendered Arya legally vulnerable, as he holds possession of a flat that has been registered to another party," Arya said in his statement. "We have booked the Kotharis, and now we will summon them to justify their second sale when they already sold the flat to Arya," said an officer of the EOW.
Time of India
27 minutes ago
- Time of India
Title deeds will be given to group housing beneficiaries in Mysuru by 2026: BJP MLA
MYSURU : BJP MLA TS Srivatsa on Friday said that title deeds to group housing scheme beneficiaries of the Krishnaraja assembly segment will be distributed by the end of next year. The group housing scheme is being undertaken at Lalithadripura, and the construction work is ongoing. It will be completed by the end of Dec 2026. He was speaking after inaugurating a loan mela organised for 1,440 Ashraya Group housing scheme beneficiaries of the Krishnaraja assembly segment, held at Town Hall here. The MLA said that only 940 Ashraya beneficiaries paid the full amount among the 1,440 beneficiaries identified for group housing schemes. State govt initiated measures to distribute the remaining 500 houses for general category candidates of Varuna assembly segment and complete the construction of this multi-storeyed building complex, he said. State govt has assured funding of Rs 4 lakh for each group housing scheme beneficiary. A decision to this effect will be taken at the cabinet meeting soon. A five-storeyed building complex is coming up at Lalithadripura. Currently, the construction of three storeys is completed, he said. Mysuru City Corporation (MCC) commissioner Sheikh Tanveer Asif said that each group house being constructed under the Pradhan Mantri Awas Yojana costs about Rs 13.4 lakh. Setting aside state and Union govt subsidy amount, beneficiaries must pay the remaining Rs 7.4 lakh. To help the beneficiaries, MCC has organised this loan mela to assist the beneficiaries in availing loans that are necessary to complete the construction. About 15 public sector banks and three private banks have come forward to provide loans for the beneficiaries. MCC additional deputy commissioner Kusuma Kumari, District Lead Bank manager Krishnarmurthy, and Rajiv Gandhi Rural Housing Development Corporation manager Vijayendra were present.
Time of India
27 minutes ago
- Time of India
Government opts for negotiated purchase of 358 acres for Global City in Ayyampuzha
KOCHI : After a wait of three years, Global City at Ayyampuzha is set to become a reality. The district collector granted clearance to proceed with the purchase of land and the revenue department will formally announce the decision soon. However, this will be a 'negotiated' purchase, which is different from the normal govt land acquisition procedure under the Land Acquisition Act. In a negotiable purchase, the govt directly purchases land from the landowner after negotiation with them rather than through acquisition. According to sources, this will avoid delays in acquisition procedures. Meanwhile, the landowner can demand and receive a high amount, if the govt agrees. Normally, the govt adopts negotiable purchases in emergency conditions. Earlier, the Centre refused to grant approval to the proposed project, following which the state govt decided to proceed with the project on its own. Industry minister P Rajeeve recently visited the proposed site and held discussions regarding the land purchasing procedures with revenue officials. As a follow-up action, a committee comprising the district collector, local MLA and grama panchayat president was constituted to coordinate next steps of the land purchase. "It was decided to acquire land through negotiable settlement. As the district collector already cleared our request, we are awaiting the final level order regarding this from the revenue department to start the acquisition procedures," said a senior official of Kinfra , the implementing agency. Global City was proposed as one of the major components of the Kochi-Bangalore Industrial Corridor (KBIC) project. Among the two nodes of KBIC, the industrial manufacturing cluster (IMC) in Palakkad was approved by the cabinet committee on economic affairs six months ago and the state govt transferred 325.26 acres of land for the Palakkad IMC. However, the second node, the proposed Global City, which was intended to span across 358 acres in Ayyampuzha, faced uncertainty as the Union govt placed it on the back burner, citing that the key elements of the development planned in Ayyampuzha were primarily residential and real estate ventures, rather than industrial undertakings as defined by regulation. When 'Kochi Gift City' was envisioned as part of the industrial corridor, the central and state govts agreed to share the project cost equally. After being informed that the Gift City was designated exclusively for Gujarat, the project was renamed Global City. Though the chief minister sought approval from the Centre, the central govt stated that this project cannot be included as part of the industrial corridor. Initially, there was an agreement to allocate Rs 500 crore to acquire 500 acres, but this has now been reduced to 358 acres. Kinfra already received Rs 849 crore from KIIFB for land acquisition. Out of the 358 acres, only 215 acres would be allocated for industrial projects. Consequently, the cost of land for entrepreneurs is likely to increase significantly. These matters will be examined in detail. Efforts are underway to explore how the Global City can be made profitable, the minister said.
