Spin Events Pvt Ltd reached an agreement with Valley Construction for the Nationwide Inter-ward Table Tennis Tournament here on Tuesday.

Spin Events President Suman Shakya and Valley Construction Managing Director Rabindra Maharjan signed the memorandum of understanding amidst a ceremony at the presence of All Nepal Table Tennis Association President Chatura Nanda Rajvaidhya.

As per the deal, Valley Construction will provide the Spin Events with 50 per cent of the total budget to organise the tournament.

The organisers have estimated a budget of two million rupees for the tournament. Samjhana Laboratory, Purna Shankar Shrestha and Babu Ratna Construction are the co-sponsors of the March 15-20 tournament.

Around 1,000 players will take part in the tournament that features six events.

A version of this article appears in the print on February 17, 2021, of The Himalayan Times.