Toyam Sports Limited agreed to acquire an unknown majority stake in Pacific Star Sports Services L.L.C on November 16, 2022.
Toyam Sports Limited completed the acquisition of 51% stake in Pacific Star Sports Services L.L.C on January 30, 2023. For this 51% acquisition Toyam Sports Limited acquiring 153 shares of Pacific Star Sports and issuing 13,50,00,000 shares to Toyam Sports Limited as cosideration worth INR 182 billion. This deal is subject to approval of the Government of Dubai and approval of stock exchanges. As of January 25, 2023, The Government of Dubai approved this transaction.