Household consumer durable company Usha International would be the official partners of Mumbai Indians (MI) for the 8th and the 9th seasons of the Indian Premier League (IPL).
Household consumer durable company Usha International would be the official partners of Mumbai Indians (MI) for the 8th and the 9th seasons of the Indian Premier League (IPL).
As a part of the collaboration, the company's logo would be seen on the leading side of the caps and helmets of the MI players, a media release said here on Wednesday.
Usha would also collaborate with the IPL franchise to create exclusive marketing campaigns and is entitled to have multiple players for consumer engagement, the release added.
Season 8 of the popular Twenty20 cricket competition commences on April 8 and concludes on May 24.
Commenting on the development, Komal Mehra, Events Head, Usha International, said, "This association is in continuation of Usha's long-term commitment towards promoting sports and developing a sporting ecosystem in the country."
"We believe that IPL is a huge platform which allows us to reach out to a large number of cricket crazy fans," he added.
Usha Intl stock price
On June 13, -, Usha International closed at Rs 373.00, down Rs 1.85, or 0.49 percent. The 52-week high of the share was Rs and the 52-week low was Rs .
The company's trailing 12-month (TTM) EPS was at Rs 47.28 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 7.89. The latest book value of the company is Rs 305.05 per share. At current value, the price-to-book value of the company is 1.22.
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