Chennai Super Kings ownership to be unaffected with Srinivasan and family selling their India Cements stake
30 July 2024
The Chennai Super Kings (CSK) ownership will be unaffected despite their holding company India Cements promoters N. Srinivasan and family selling their stake in the cement manufacturer to UltraTech Cement, Moneycontrol reports. This deal will not bother the controlling shareholder of CSK as Srinivasan and his family hold 28.14% of the franchise.
UltraTech Cement have said that their board have given a nod to a 32.72% stake in India Cements from their promoters and associates. It will reinforce their purchase of 22.77% stake in June at the cost of ₹268 per share. The latest transaction will boost UltraTech's ownership in India Cements to 55.99%.
The Chennai Super Kings (CSK) ownership will be unaffected despite their holding company India Cements promoters N. Srinivasan and family selling their stake in the cement manufacturer to UltraTech Cement, Moneycontrol reports. This deal will not bother the controlling shareholder of CSK as Srinivasan and his family hold 28.14% of the franchise.
UltraTech Cement have said that their board have given a nod to a 32.72% stake in India Cements from their promoters and associates. It will reinforce their purchase of 22.77% stake in June at the cost of ₹268 per share. The latest transaction will boost UltraTech's ownership in India Cements to 55.99%.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.
Pre Ipo
Upcoming IPO
Unicorn
Planify Enterprises Private Limited
Planify Capital Limited
Licensed By
Mutual Fund License No.:
ARN-164419
IRDA Code (1):
ABLIC1003123454
IRDA Code (2):
ABLIC1003131639
Startup India Certificate No.:
DIPP93786
Other Websites
ⓒ 2016-2026 Planify. All rights reserved, Built with
in India
