Debt-Free Penny Stock Under Rs 5: This Micro-Cap Company and USC Worldwide Events LLC announces its long-term association with Qatar Cricket Association

The company has a market cap of over Rs 200 and as of June 2024, it is debt-free.

On Wednesday, shares of Toyam Sports Ltd gained 5.32 per cent to Rs 3.76 per share from its previous closing of Rs 3.57 per share. The stock’s 52-week high is Rs 9.29 while its 52-week low of Rs 3.15.

The Qatar Cricket Association (QCA) has joined forces with Pacific Star Sports LLC (PSS) (Subsidiary of Toyam Sports Ltd) and USC Worldwide Events LLC (USC) to launch a domestic Pro league. This exciting event will showcase the top eight teams from the Qatar Pro League, competing for supremacy. The tournament, dubbed the Qatar Pro League 2024, is scheduled to take place from October 10th to 25th, 2024, at the West End Park International Cricket Stadium.

The T20 format has gained immense popularity worldwide, and the QCA is thrilled to bring this thrilling spectacle to Qatar. The league will feature a diverse array of talent, including both local players and international stars. This provides a unique opportunity for young Qatari athletes to learn from experienced professionals and inspire the next generation of cricketers.

Beyond the competitive aspect, the T20 Pro League aims to engage the local community and foster a sense of national pride. The tournament will serve as a platform for fans from all backgrounds to come together and enjoy the excitement of live cricket. By creating an inclusive atmosphere, the QCA hopes to unite the community and strengthen the bond between cricket and Qatar.

A Path to the National Team

The T20 Pro League also plays a crucial role in developing the Qatar National Team. It serves as a pathway for talented domestic players to showcase their skills and earn selection for the national squad. By providing a competitive platform, the league helps to identify and nurture the country's top cricketers.

About Qatar Cricket Association

The Qatar Cricket Association (QCA) is the governing body for cricket in Qatar. It is responsible for organizing and promoting the sport in the country and represents Qatar at international competitions. The QCA has made significant strides in developing cricket in Qatar, with the introduction of various age-group teams and participation in international tournaments.

About Pacific Star Sports and USC Worldwide Events

Pacific Star Sports (PSS) and USC Worldwide Events LLC (USC) are leading sports and entertainment companies with a global footprint. PSS specializes in producing exciting sporting events, while USC offers comprehensive marketing solutions for brands. Their partnership with the QCA brings a wealth of experience and expertise to the T20 Pro League, ensuring a successful and memorable event.

About Toyam Sports Ltd (TSL)

Toyam Sports Limited (TSL) is a pioneering sports company listed on the BSE & MSEI. Committed to the development and promotion of sports, TSL has a diverse portfolio that includes cricket, tennis and Mixed Martial Arts (MMA). TSL continues to push the boundaries of sports entertainment and management globally.

The company’s only 0.21 per cent stake is owned by FIIs and the remaining 99.79 per cent stake is owned by the public as of June 2024. The company has a market cap of over Rs 200 and as of June 2024, it is debt-free.Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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