Politics can't define my cordial relation with Kohli: Afridi

Agencies
February 10, 2018

St Moritz (Switzerland), Feb 10: Prevailing cross-border tension may have restricted Indo-Pak bilateral cricketing ties but Shahid Afridi loves to put across a point firmly -- his "cordial relationship" with India captain Virat Kohli cannot and will not be defined by political situation.

"My relationship with Virat is not dictated by the political situation. Virat is a fantastic human being and an ambassador of cricket for his country, just like I am for my country," Afridi told PTI during an interaction on the sidelines of the St Moritz Ice Cricket Tournament.

"He (Kohli) has always shown a lot of respect and has even gone out of his way to present a signed jersey for my foundation (Shahid Afridi Foundation)," he added.

Afridi's foundation has been working on providing clean and safe drinking water for the economically weaker sections of society.

"There is a lot of warmth and fellow-feeling whenever I have spoken to Virat. It's not that we get a chance to speak a lot but from time to time, he would drop in a message and I would do the same. I congratulated him recently when I came to know he was getting married.

"I believe as cricketers we can set examples of how the relationship between individuals can be a template for the relationship between countries. I think after Pakistan, the two countries where I have received most love and respect are India and Australia," said the former Pakistan skipper.

For someone, who was a maverick during his international career, Afridi loves Kohli's aggression and believes that supporting juniors in crisis situations has also helped him in earning respect from youngsters.

"Virat is doing a brilliant job. I have no problem with aggression if it is a controlled one. And Virat's character is different from Mahendra Singh Dhoni, who was a composed individual.

"Now suddenly, you cannot change the inherent nature of a person. Virat's greatest asset is that he can take the team along," Afridi observed.

Asked to compare Kohli with Pakistan captain Sarfraz Khan, Afridi said: "Sarfraz is still new to the job and he will only get better along the way. The only thing I don't like is that media running down players during their rough times.

"As long as you are winning, everything is fine and you lose a game and all hell breaks loose. That is grossly unfair. We should not overlook someone's past achievements just because he is going through a bad patch," said the cricketer who has been loved and criticised in equal measure.

During a couple of days of Ice Cricket at St Moritz tournament, Afridi at times even beat Virender Sehwag in terms of popularity thanks to the presence of a larger number of expatriate Pakistani fans, who had thronged St Moritz.

The moment he entered the playing area wearing the orange jumper, St Moritz turned into a 'Lala Land' as everyone wanted a piece of their beloved 'Lala', as Pakistani fans affectionately call Afridi.

Afridi was a different man at different times.

He autographed the posters, even a Pakistan Tehreek-e- Insaf flag, obliged all the selfie seekers, seemed a tad irritated with multiple one-on-one interview requests, took his wife and youngest daughter out for a walk down the lake and did not even give a second glance at a young Pakistani woman, who in front of everyone shouted "Lala aapse kabhi alag se mil sakti hoon (Can I meet you somewhere else?)."

And yes, he played cricket too and tried to hit out as he would do often during his green jersey days. And the result was more often than not his downfall. It happened the same way but no one cared.

With Shahid Afridi, there are no half measures -- they all love the man more than the player.

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News Network
January 27,2020

New Delhi, Jan 27: The government on Monday issued the preliminary information memorandum for 100 per cent stake sale in national carrier Air India. As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low cost airline Air India Express and 50 per cent shareholding in joint venture AISATS, as per the bid document issued on Monday.

Management control of the airline would also be transferred to the successful bidder.

The government has set March 17 as the deadline for submitting the Expression of Interest (EoI).

EY is the transaction adviser for Air India disinvestment process.

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News Network
June 27,2020

New Delhi, Jun 27: Prime Minister Narendra Modi on Saturday said that India fared much better compared to some other countries in the fight against the COVID-19 pandemic. The PM made this observation while delivering the inaugural address to mark the 90th birth anniversary celebrations of Reverend Dr Joseph Mar Thoma Metropolitan.

"Earlier this year, some people had predicted that the impact of the virus in India would be very severe. Due to lockdown, many initiatives have been taken by the Government and in this people-driven fight, India is much better placed than many other nations. India's recovery rate is rising," Modi said in his virtual address.

He further warned that the time was not apt to "let our guard down".

The prime minister greeted the Mar Thoma Metropolitan and wished him a "long life and best health."

"Dr Joseph Mar Thoma has devoted his life for the betterment of our society and nation. He has been particularly passionate about the removal of poverty and women empowerment," the prime minister said.

Praising the Mar Thoma Church for its contributions to the country the Prime Minister added that it has worked to bring a positive difference in the lives of people in the country in areas of healthcare and education.

"The Mar Thoma Church is closely linked with the noble ideals of Saint Thomas, the Apostle of Lord Christ. India has always been open to spiritual influences from many sources. It is with this spirit of humility that the Mar Thoma Church has worked to bring a positive difference in the lives of our fellow Indians," Modi said.

Followers of the Mar Thoma Church from India and abroad participated in the programme through video conference.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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