हैरान हुए अभय
खबरें लगातार पढ़ने के लिए अमर उजाला एप डाउनलोड करें यह खबर एप पर पढ़ें…
Cult.fit has disclosed a major change to its long-standing association with Hrithik Roshan’s activewear brand HRX ahead of its planned initial public offering (IPO). According to the company’s Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI), Cult.fit has terminated its exclusive agreement with Extreme Brands LLP, the company that owns the rights to the HRX brand.
Cult.fit had entered into an agreement with Extreme Brands LLP on August 11, 2023, securing perpetual and exclusive rights to the HRX brand. While the company did not disclose the annual consideration for the arrangement, the agreement reportedly carried a contingent liability of nearly Rs 30 crores.
The latest DRHP, however, confirms that the agreement has now been terminated. The filing has not disclosed the reasons behind the decision or whether the move will have any impact on Cult.fit’s branding strategy going forward.
The DRHP also reveals that Hrithik Roshan will participate in the Offer for Sale by selling 6.33 lakhs equity shares. Despite the partial divestment, the actor will continue to remain an investor in the company after the IPO.
Hrithik first invested in Cult.fit in May 2018 when he came on board as the company’s brand ambassador. He reportedly invested around Rs 3.75 crores, and the value of that stake has grown significantly over the years. Based on Cult.fit’s latest valuation, the investment is estimated to be worth approximately Rs 25 crores.
Alongside the actor, his affiliated entity, Extreme Brands LLP, also invested around Rs 2.25 crores in the company.
The development comes as the Bengaluru-based fitness and wellness company prepares to go public with a proposed fresh issue of shares worth Rs 950 crores, along with an Offer for Sale (OFS) by several existing shareholders.
Also Read: Hrithik Roshan joins Nissan India as brand ambassador for Tekton SUV
Catch us for latest Bollywood News, New Bollywood Movies update, Box office collection, New Movies Release , Bollywood News Hindi, Entertainment News, Bollywood Live News Today & Upcoming Movies 2026 and stay updated with latest hindi movies only on Bollywood Hungama.
Cult.fit has disclosed a major change to its long-standing association with Hrithik Roshan’s activewear brand HRX ahead of its planned initial public offering (IPO). According to the company’s Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI), Cult.fit has terminated its exclusive agreement with Extreme Brands LLP, the company that owns the rights to the HRX brand.
Cult.fit had entered into an agreement with Extreme Brands LLP on August 11, 2023, securing perpetual and exclusive rights to the HRX brand. While the company did not disclose the annual consideration for the arrangement, the agreement reportedly carried a contingent liability of nearly Rs 30 crores.
The latest DRHP, however, confirms that the agreement has now been terminated. The filing has not disclosed the reasons behind the decision or whether the move will have any impact on Cult.fit’s branding strategy going forward.
The DRHP also reveals that Hrithik Roshan will participate in the Offer for Sale by selling 6.33 lakhs equity shares. Despite the partial divestment, the actor will continue to remain an investor in the company after the IPO.
Hrithik first invested in Cult.fit in May 2018 when he came on board as the company’s brand ambassador. He reportedly invested around Rs 3.75 crores, and the value of that stake has grown significantly over the years. Based on Cult.fit’s latest valuation, the investment is estimated to be worth approximately Rs 25 crores.
Alongside the actor, his affiliated entity, Extreme Brands LLP, also invested around Rs 2.25 crores in the company.
The development comes as the Bengaluru-based fitness and wellness company prepares to go public with a proposed fresh issue of shares worth Rs 950 crores, along with an Offer for Sale (OFS) by several existing shareholders.
Also Read: Hrithik Roshan joins Nissan India as brand ambassador for Tekton SUV
Catch us for latest Bollywood News, New Bollywood Movies update, Box office collection, New Movies Release , Bollywood News Hindi, Entertainment News, Bollywood Live News Today & Upcoming Movies 2026 and stay updated with latest hindi movies only on Bollywood Hungama.
Cult.fit has disclosed a major change to its long-standing association with Hrithik Roshan’s activewear brand HRX ahead of its planned initial public offering (IPO). According to the company’s Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI), Cult.fit has terminated its exclusive agreement with Extreme Brands LLP, the company that owns the rights to the HRX brand.
Cult.fit had entered into an agreement with Extreme Brands LLP on August 11, 2023, securing perpetual and exclusive rights to the HRX brand. While the company did not disclose the annual consideration for the arrangement, the agreement reportedly carried a contingent liability of nearly Rs 30 crores.
The latest DRHP, however, confirms that the agreement has now been terminated. The filing has not disclosed the reasons behind the decision or whether the move will have any impact on Cult.fit’s branding strategy going forward.
The DRHP also reveals that Hrithik Roshan will participate in the Offer for Sale by selling 6.33 lakhs equity shares. Despite the partial divestment, the actor will continue to remain an investor in the company after the IPO.
Hrithik first invested in Cult.fit in May 2018 when he came on board as the company’s brand ambassador. He reportedly invested around Rs 3.75 crores, and the value of that stake has grown significantly over the years. Based on Cult.fit’s latest valuation, the investment is estimated to be worth approximately Rs 25 crores.
Alongside the actor, his affiliated entity, Extreme Brands LLP, also invested around Rs 2.25 crores in the company.
The development comes as the Bengaluru-based fitness and wellness company prepares to go public with a proposed fresh issue of shares worth Rs 950 crores, along with an Offer for Sale (OFS) by several existing shareholders.
Also Read: Hrithik Roshan joins Nissan India as brand ambassador for Tekton SUV
Catch us for latest Bollywood News, New Bollywood Movies update, Box office collection, New Movies Release , Bollywood News Hindi, Entertainment News, Bollywood Live News Today & Upcoming Movies 2026 and stay updated with latest hindi movies only on Bollywood Hungama.
Cult.fit has disclosed a major change to its long-standing association with Hrithik Roshan's activewear brand…
खबरें लगातार पढ़ने के लिए अमर उजाला एप डाउनलोड करें यह खबर एप पर पढ़ें…
इंटरनेट डेस्क। बॉलीवुड अभिनेता ऋतिक रोशन की गर्लफ्रेंड सबा आजाद को इन दिनों मुश्किलों से भरे दौर से गुजरना पड़ रहा है। खबरों के अनुसार, इन दिनों सबा आजाद साइक्लोस्पोरा कैटेनेंसिसनाम की बीमारी से जूझ़ना पड़ा है। इसी कारण उन्हें अस्पताल में भर्ती करवाया गया है।
बताया जा रहा है कि ऋतिक रोशन की गर्लफ्रेंड सबा आजाद का केलव 14 दिनों में वजन 4 किलो कम हो गया। सबा ने सोशल मीडिया पर फोटो शेयर कर अपनी बीमारी को लेकर जानकार दी है। इस बीमारी के कारण सबा आजाद का चलना फिरना तो दूर, टूथपिक उठाना भी मुश्किल हो गया है।
सबा ने जो फोटो शेयर की है उसमें वह बेड पर लेटी हुई नजर आईं, जिसमें वो काफी बीमार और कमजोर दिख रही हैं। खबरों के अनुसार, सबा आजाद के इस मुश्किल वक्त में बॉलीवुड के स्टार अभिनेता ऋतिक ने उनका अच्छे से ध्यान रखा है।
PC:ndtv
अपडेट खबरों के लिए हमारावॉट्सएप चैनलफोलो करें
इंटरनेट डेस्क। बॉलीवुड अभिनेता ऋतिक रोशन की गर्लफ्रेंड सबा आजाद को इन दिनों मुश्किलों से भरे दौर से गुजरना पड़ रहा है। खबरों के अनुसार, इन दिनों सबा आजाद साइक्लोस्पोरा कैटेनेंसिसनाम की बीमारी से जूझ़ना पड़ा है। इसी कारण उन्हें अस्पताल में भर्ती करवाया गया है।
बताया जा रहा है कि ऋतिक रोशन की गर्लफ्रेंड सबा आजाद का केलव 14 दिनों में वजन 4 किलो कम हो गया। सबा ने सोशल मीडिया पर फोटो शेयर कर अपनी बीमारी को लेकर जानकार दी है। इस बीमारी के कारण सबा आजाद का चलना फिरना तो दूर, टूथपिक उठाना भी मुश्किल हो गया है।
सबा ने जो फोटो शेयर की है उसमें वह बेड पर लेटी हुई नजर आईं, जिसमें वो काफी बीमार और कमजोर दिख रही हैं। खबरों के अनुसार, सबा आजाद के इस मुश्किल वक्त में बॉलीवुड के स्टार अभिनेता ऋतिक ने उनका अच्छे से ध्यान रखा है।
PC:ndtv
अपडेट खबरों के लिए हमारावॉट्सएप चैनलफोलो करें
इंटरनेट डेस्क। बॉलीवुड अभिनेता ऋतिक रोशन की गर्लफ्रेंड सबा आजाद को इन दिनों मुश्किलों से भरे दौर से गुजरना पड़ रहा है। खबरों के अनुसार, इन दिनों सबा आजाद साइक्लोस्पोरा कैटेनेंसिसनाम की बीमारी से जूझ़ना पड़ा है। इसी कारण उन्हें अस्पताल में भर्ती करवाया गया है।
बताया जा रहा है कि ऋतिक रोशन की गर्लफ्रेंड सबा आजाद का केलव 14 दिनों में वजन 4 किलो कम हो गया। सबा ने सोशल मीडिया पर फोटो शेयर कर अपनी बीमारी को लेकर जानकार दी है। इस बीमारी के कारण सबा आजाद का चलना फिरना तो दूर, टूथपिक उठाना भी मुश्किल हो गया है।
सबा ने जो फोटो शेयर की है उसमें वह बेड पर लेटी हुई नजर आईं, जिसमें वो काफी बीमार और कमजोर दिख रही हैं। खबरों के अनुसार, सबा आजाद के इस मुश्किल वक्त में बॉलीवुड के स्टार अभिनेता ऋतिक ने उनका अच्छे से ध्यान रखा है।
PC:ndtv
अपडेट खबरों के लिए हमारावॉट्सएप चैनलफोलो करें
इंटरनेट डेस्क। बॉलीवुड अभिनेता ऋतिक रोशन की गर्लफ्रेंड सबा आजाद को इन दिनों मुश्किलों से…
Ayan Mukerji’s “War 2” — the sequel to “War” (2019) and the sixth entry in…
Director Ayan Mukerji is putting the pedal to the metal for Yash Raj Films’ “War…
