Sachin Tendulkar and PV Sindhu will not invest in CallHealth Services

Former Indian cricketer Sachin Tendulkar and shuttler PV Sindhu have decided not to proceed on the initiative of investing in  Hyderabad-based Call Health Services, according to sources close to the cricketer. It has been reported that discussions between Tendulkar and CallHealth did not proceed beyond the initial stages. Call Health Services CFO Satish Kottakota addressed the matter recently.

CallHealth, in a regulatory filing informing about its extraordinary general meeting, had said it would seek shareholders approval for a proposed investment of Rs 12 crore and Rs 4 crore from Tendulkar and Sindhu, respectively.

No response from Tendulkar and Sindhu

“Mr Tendulkar and Ms PV Sindhu have not made any investments into CallHealth pursuant to the filing of the EGM notice, which is mandatory for resultant changes in the shareholding pattern”.” Satish said. It is also believed that emails sent to Tendulkar and Sindhu and gone without response from either of them. The venture is promoted by Sandhya Raju, the daughter-in- law of B Ramalinga Raju, founder of the scam-hit Satyam Computers. The company offers doctor consultations, diagnostic services and delivery of medicines. Its operations and services are currently available in places like Hyderabad, Delhi-NCR, Chennai and Vishakhapatnam.

A global ambassador of the game, Sachin has fan following on a world wide basis and he has time again backed many ventures with his star appeal. Sachin has invested in quite a number of companies since hanging up his boots, few years back. The former great has invested in Smaash Entertainment. It is founded in 2009, and is basically inclined on sports simulation technology based on cricket, football, racing, and other recreational activities, as well as a host of leisure activities, including a lounge, a spa, arcade gaming, music, and dining for men, women, and children. Apart from this, the master-blaster has backed Universal Sportsbiz, Spartan and Smartron among others.