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MUMBAI:
Wave Inc, the company promoted by Gurdeep Singh Chaddha alias
Ponty Chaddha, has taken the franchise rights for the Delhi
team of Hockey India League, the franchise based league launched
by Hockey India with the backing of International Hockey Federation.
Established
in 1963 by Sardar Kulwant Chada, Wave Inc is a diversified
business house with interests in sugar manufacturing, distilleries,
paper manufacturing, real estate and multiplexes and retail
management.
Hockey
India Secretary-General and Hockey India League Chairman Dr
Narinder Batra said the entry of Wave Group into Indian sports
augurs well for hockey. "Over the past few weeks when
we have been interacting with him, we have seen Ponty Chadha's
infectious enthusiasm. We believe that the Delhi franchise
is in very good hands," he said.
Besides
Wave Inc, HI has so far signed up with Sahara India for Lucknow,
Jaypee Group for Punjab, Patel-Uniexcel Group for Ranchi.
"We
are in advanced talks with business houses for the other two
franchisees," Batra added.
Wave
Group Chairman and Managing Director Chadha said the Group
had been waiting for the right opportunity to be able to get
into sports.
"I
was born in Uttar Pradesh, which has been an incredible nursery
for hockey from the legendary Dhyan Chand's time. We are delighted
to be able to associate ourselves with what promises to be
dynamic league," he said.
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