Commented Dr. Akash Khurana, vice chairman, Nimbus, "This alliance with The Times of India Group provides a unique opportunity for drawing on strengths and synergies between the organizations. Our businesses are at inflection points and this deal will help us strengthen and accelerate growth in market shares and revenues of our businesses."
Added Ravi Dhariwal, CEO, The Times Group, "This is a unique investment in the media sector for us. We feel that we can contribute strongly to Nimbus’ and Neo Sports’ growth through our leadership position and our strong reach across media platforms in multiple markets. Their leadership position in sports rights, production and sports broadcasting is well known and we hope to enhance the momentum of their growth story."