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Virat Kohli's stake in One8 soars to 6.4%

Summary

  • Kohli's stake in One8 increased to 6.4% post-merger.
  • One8 brand began as a 2017 partnership with Puma.
  • Agilitas aims to grow One8 into a ₹2,000-3,000 crore business.
Virat Kohli's stake in One8 soars to 6.4%

Virat Kohli's stake in his sportswear brand, One8, has risen to 6.4% after the National Company Law Tribunal approved its merger with Agilitas Sports. This significant increase in his holding, from 1.8% without any additional investment, positions him as the second-largest individual shareholder.

The One8 brand originated in 2017 as a licensing agreement with Puma. It later transitioned to Agilitas Sports, a company co-founded by former Puma executives. Kohli remains a co-founder, actively involved in design and technology.

This integration grants One8 access to Agilitas' robust product development, manufacturing, and retail infrastructure. Agilitas also manages the Lotto sportswear license and footwear production.

Kohli expressed a long-held ambition to build a lasting sports brand, aiming for One8 to become a lifestyle staple that outlasts its founders. The brand is targeting global expansion into markets like the US and UK, with a goal of becoming a ₹2,000-3,000 crore business within four to six years.

Beyond sportswear, Kohli maintains a diversified investment portfolio. This includes stakes in Go Digit General Insurance, Rage Coffee, Blue Tribe, and Mobile Premier League, among others. He also co-owns the Indian Super League club FC Goa.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

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