Latest news with #PFL
The National
20 hours ago
- Business
- The National
Sheikh Mohammed bin Maktoum joins PFL global ownership group
The Professional Fighters League has strengthened its ties with Dubai after announcing Sheikh Mohammed bin Maktoum has joined the promotion's global ownership group. In a statement, the PFL said the latest announcement fortifies the PFL's commitment to expanding its presence in the Middle East and supporting the growth of mixed martial arts across the UAE and the region. 'I am delighted to join the PFL's ownership group as I believe in PFL's global vision to grow the sport of MMA,' Sheikh Mohammed bin Maktoum said in a press release. 'I am excited by PFL's momentum in staging world-class fight events in Dubai and the UAE region.' Sheikh Mohammed bin Maktoum is chairman of Alpha MBM Investments, a diversified investment company based in Dubai with strategic interests across real estate, technology, energy, and sports. The PFL made headlines earlier this year by h osting a landmark event in Dubai, the first of its kind by a global MMA organisation, in partnership with Dubai Economy & Tourism and the Dubai Sports Council. The card was headlined by a thrilling title bout between Russia's Usman Magomedov and Irishman Paul Hughes. PFL International CEO Peter Murray hailed the new partnership: 'Welcoming Sheikh Mohammed to our ownership group is a major milestone. His leadership and expertise reinforce our commitment to the region and will help us further elevate MMA across the Middle East.' The PFL Mena series, now in its second season, continues to unearth regional talent such as champions Abdullah Al Qahtani, Omar El Dafrawy, and trailblazing women's star Hattan Alsaif. In April, Zamzam Al Hammadi, 17, became the first female Emirati to join a lead MMA promotion when she signed with the PFL. The third event of the ongoing PFL Mena season is set to take place in September.
The National
21 hours ago
- Business
- The National
Sheikh Mohammed bin Maktoum bin Juma joins PFL global ownership group
The Professional Fighters League has strengthened its ties with Dubai after announcing Sheikh Mohammed bin Maktoum bin Juma has joined the promotion's global ownership group. In a statement, the PFL said the latest announcement fortifies the PFL's commitment to expanding its presence in the Middle East and supporting the growth of mixed martial arts across the UAE and the region. 'I am delighted to join the PFL's ownership group as I believe in PFL's global vision to grow the sport of MMA,' Sheikh Mohammed bin Maktoum said in a press release. 'I am excited by PFL's momentum in staging world-class fight events in Dubai and the UAE region.' Sheikh Mohammed bin Maktoum is chairman of Alpha MBM Investments, a diversified investment company based in Dubai with strategic interests across real estate, technology, energy, and sports. The PFL made headlines earlier this year by h osting a landmark event in Dubai, the first of its kind by a global MMA organisation, in partnership with Dubai Economy & Tourism and the Dubai Sports Council. The card was headlined by a thrilling title bout between Russia's Usman Magomedov and Irishman Paul Hughes. PFL International CEO Peter Murray hailed the new partnership: 'Welcoming Sheikh Mohammed to our ownership group is a major milestone. His leadership and expertise reinforce our commitment to the region and will help us further elevate MMA across the Middle East.' The PFL Mena series, now in its second season, continues to unearth regional talent such as champions Abdullah Al Qahtani, Omar El Dafrawy, and trailblazing women's star Hattan Alsaif. In April, Zamzam Al Hammadi, 17, became the first female Emirati to join a lead MMA promotion when she signed with the PFL. The third event of the ongoing PFL Mena season is set to take place in September.
Arab News
a day ago
- Business
- Arab News
Sheikh Mohammed bin Maktoum bin Juma Al-Maktoum joins PFL ownership group
DUBAI: The Professional Fighters League (PFL) today announced that Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum has joined the PFL's global ownership group. For the latest updates, follow us @ArabNewsSport This strategic addition strengthens PFL's commitment to expanding its presence in the Middle East and supporting the growth of mixed martial arts across the UAE and the region. 'I am delighted to join the PFL's ownership group as I believe in PFL's global vision to grow the sport of MMA, and I am excited by PFL's momentum in staging world-class fight events in Dubai and the UAE region,' said Sheikh Mohammed. Sheikh Mohammed is the founding Chairman of Alpha MBM Investments, a diversified investment company based in Dubai with strategic interests across real estate, technology, energy, and sports. Under his leadership, Alpha MBM has become a key player in driving economic innovation and global partnerships across sectors aligned with the UAE's long-term vision. The PFL has already made a significant impact in the region, having become the first global MMA organization to stage a major event in Dubai earlier this year. The event, held in partnership with Dubai Economy & Tourism and the Dubai Sports Council, featured what many called the most exciting title fight of the year: a clash between undefeated Russian star Usman Magomedov and rising Irish sensation Paul Hughes. 'PFL is excited to welcome Sheikh Mohammed and his expertise to our ownership group,' said Peter Murray, CEO of PFL International. 'This marks another major milestone in our global expansion strategy and reinforces our long-term commitment to expanding our presence in the Middle East. With the addition of Sheikh Mohammed to the PFL ownership group, the league is further poised to deliver premium MMA experiences in the UAE and across the broader MENA region, while also building pathways for regional fighters to compete on the global stage. The PFL is continuously elevating the sport of MMA in the Middle East through the widely-successful PFL MENA franchise, which is currently in its second season. The regional tournament has successfully created stars from the MENA region including the likes of PFL MENA Champions Abdullah Al Qahtani and Omar El Dafrawy, and Middle Eastern women's MMA pioneer Hattan Alsaif. The third event of the ongoing PFL MENA season is expected to take place in September.
Mint
a day ago
- Business
- Mint
LIC's June-quarter bets signal shift from momentum to value investing
India's largest domestic institutional investor, Life Insurance Corporation of India (LIC) made selective bets in its equity portfolio in the June quarter of FY26, even as global uncertainties continued to dampen foreign investor sentiment. LIC increased its stake in 54 listed companies during the quarter, reflecting a calibrated and sectoral approach to navigating market volatility. However, it also trimmed its stakes in another 64 firms on a sequential basis, a Mint analysis of 2,945 BSE-listed firms that have disclosed their shareholdings for the quarter revealed. This comes after LIC participated in State Bank of India's ₹5000-crore qualified institutional placement (QIP) on 21 July, raising its stake from 9.21% to 9.49%. The analysis also showed LIC had holdings of more than 1% in 232 companies —nearly 8% of all listed firms—in Q1FY25. Of these, it increased its holdings in roughly one out of every four, signalling a strategic accumulation spree across sectors such as FMCG, chemicals, auto components, engineering and metals. Also read Q1 moves: Retails investors bet big on property, cement and auto parts as 'smart money' retreats 'LIC's investments in mid to large caps across diverse sectors validate the broader India growth story beyond just finance or infra. This move can attract foreign players and draw retail interest to newer mid-cap names. With LIC setting the trend, other institutions and long-term investors may follow," said Kush Gupta, director at SKG Investment & Advisor. The five companies in which LIC raised its shareholding the most were Patanjali Foods, Shyam Metalics, Bharat Forge, Gujarat Fluorochemicals, and Havells India. These investments point to a broader shift in LIC's portfolio strategy—one focused less on momentum and more on deep-value and conviction plays. Patanjali Foods: Swimming against the tide In a quarter in which foreign and retail investors cut their positions in Patanjali Foods (PFL), a leading FMCG and edible oil company, LIC took a markedly contrarian approach, raising its stake by 1.48 percentage points to 9.14%. FPIs marginally trimmed their holdings by 3 percentage points to 0.21%, while individuals (holding nominal share capital up to ₹2 lakh) slashed theirs by 55 basis points (bps) to 2.62%. Mutual funds, however, aligned with LIC's stance, hiking their exposure by 1.29 bps to 1.72% sequentially during the quarter. This institutional buying came despite the stock falling 8.7% in Q1. The company's trailing price-to-earnings ratio of 53x also remains below its five-year median of 60x, indicating possible valuation comfort for long-term players. While the company's edible oil sales surged 21% year-on-year in Q4FY25 due to price hikes, the foods & FMCG segment declined 16.6% owing to subdued urban demand and seasonal weakness. 'To revive growth, PFL is expanding its retail reach, targeting ethnic foods, and scaling direct distribution to 4 million outlets," noted ULJK Research, maintaining a 'buy' rating and forecasting a 10% compound annual growth in revenue over FY25-27. Shyam Metalics: A contrarian metals play LIC's aggressive investment in Shyam Metalics and Energy (SMEL), a major producer of steel and ferro alloys, was another contrarian move. The insurance behemoth raised its stake by 1.01 percentage points to 5.47% sequentially during the quarter even as FPIs reduced their holdings by 3.37 bps to just 0.64%. Retail ownership fell by 29 bps. Despite delivering only a 2% return in Q1, LIC's bet could signal a long-term view on India's industrial metal cycle. At 28x trailing P/E, the stock trades significantly above its five-year median of 13.7x. Yet analysts believe the premium may be justified by strong fundamentals and infrastructure-led growth. 'Domestic demand for ferro alloys and structural steel remains robust, supported by the government's infra push," said Harshal Dasani, business head at INVasset PMS. 'LIC's increased holding reflects a strong belief in SMEL's long-term fundamentals." In Q1FY26, SMEL reported Ebitda of ₹633.2 crore, surpassing Bloomberg's projections. The company has earmarked ₹2,000 crore in capex for FY26 and is targeting ₹1,300-1,400 crore in revenue from its stainless steel segment. Having already invested ₹6,600 crore, it is making steady progress toward its ₹10,000 crore expansion road map, said JM Financial. Bharat Forge: Realignment in defence and EV play LIC increased its stake In Bharat Forge, a key player in auto components and defence equipment, by 91 bps to 4.95% even as FPIs pared their exposure by 1.66 percentage points. Mutual funds and retail investors increased their holdings by 44 bps and 31 bps, respectively, suggesting a broader realignment among domestic investors. The stock delivered a 12% return in Q1 but trades at a trailing P/E of 60.5x—below its five-year average of 66x. While global brokerages have turned cautious, citing weak visibility in commercial vehicles and export markets, others remain bullish. JP Morgan downgraded the stock to 'neutral', flagging a 20% decline in US class 8 truck production in 2025 and lacklustre demand in India. Revenue growth is seen at just 2% in FY26, with a recovery likely only in FY27. But LIC appears to be playing the long game. 'With stock correcting around 40% from its peak and with a robust order book and expanding presence in defence, aerospace, and electronics, Bharat Forge remains well-positioned for long-term value creation," ICICI Direct said, maintaining a 'buy' rating. Gujarat Fluorochemicals: Clean-tech conviction Despite broad-based selling, LIC raised its stake in Gujarat Fluorochemicals, a specialty chemical manufacturer, by 85 bps sequentially to 3.1% during the quarter. In contrast, foreign portfolio investors, mutual funds and retail shareholders trimmed their holdings by 38 bps, 21 bps and 17 bps, respectively. Even as the stock posted a negative 9.7% return in the quarter and trades at a steep trailing P/E of 72x—well above the five-year median of 40x—LIC's conviction in the company's long-term prospects remains intact. Dasani noted that LIC's move likely reflected faith in the company's leadership in high-performance fluoropolymers and refrigerant gases. 'These moves appear less about short-term sector rotation and more about valuation comfort and early-cycle accumulation," he said. JM Financial has initiated coverage with a 'hold' rating, citing execution risks at stretched valuations, even as battery chemicals offer long-term promise. Havells India: Steady build-up in consumption LIC also increased its stake in Havells India, a consumer electrical and appliances firm, by 84 basis points to 5.27%. Mutual funds and retail investors followed suit with 12 bps and 4 bps hikes, while FPIs exited marginally. With a muted Q1 return of 1.5%, the stock remains a proxy for India's urban consumption recovery. In Q1FY26 revenue declined 6% year-on-year, primarily due to a sharp drop in summer-oriented categories such as electrical consumer durables (ECD), which fell 14.1%, and Lloyd's appliance portfolio—largely air conditioners and cooling products—which plunged 34.4%. Also read | Indian pharma Q1 preview: Strong domestic sales to offset US drag However, infrastructure-driven segments like switchgears and wires showed resilience, growing 9.3% and 27.1%, respectively, noted Yes Securities. The brokerage upgraded the stock to 'add' while retaining its 50x valuation multiple. 'With institutional buying turning inward, market cycles may become less dependent on FPI risk appetite," said Dasani. 'LIC's conviction could act as a confidence signal—marking a subtle yet significant change in India's capital market dynamics."
Yahoo
a day ago
- Entertainment
- Yahoo
Dakota Ditcheva reveals sticking points in negotiations with the PFL before re-signing
Dakota Ditcheva is the last guest after her latest win at PFL Africa, and she talks about signing a new contract, being frustrated due to inactivity, looking up to Kayla Harrison, her next fight, and more.
