Toyam Industries Limited (BSE:538607) entered into a Memorandum of Understanding to acquire 51% stake in Rajwada Cricket League on April 7, 2022.

Toyam Industries Limited (BSE:538607) Cancelled the acquisition of 51% stake in Rajwada Cricket League on May 3, 2023. The transaction was terminated due to inability of reaching consensus on the commercial terms and certain Closing Conditions which were not fulfilled.