Chennai Super Kings Unlisted Shares: Big Investment Move | CSK Pre IPO
Do you know? The Chennai Super Kings Company Ltd, which owns the most successful team in IPL history, the Chennai Super Kings, has caused a stir in the stock market with one move. CSKCL has bought 10,000 shares from its promoter group, N Srinivasan, and his family-led company India Cements.
This all happened when UltraTech, India's largest cement manufacturer, acquired a 23% stake in the city-based India Cements in a mega deal worth over ₹1,900 crores! Just to remind you, back in 2008, India Cements directly owned CSK, but after restructuring, India Cements now owns CSK through its holding company.
This investment by CSK signals that India Cements is planning something big in the near future. For those who have invested in CSK unlisted shares, this is a suggestion to hold onto your investments. For more videos like CSK share news, subscribe to Planify!
About Chennai Super Kings Pre IPO:
Chennai Super Kings Cricket Limited is an unlisted public company, which owns and operates the cricket team Chennai Super Kings which is famous for playing in the Indian Premier League, the domestic cricket league played in India. The Chennai Super Kings have won the IPL title four times (in 2010, 2011, 2018, and 2021), and have the highest win percentage of matches among all teams in the IPL (59.83%). Founded in 2008, the team plays its home matches at the M.A Chidambaram in Chennai. Initially company was owned by India Cements, they later demerged and created a separate entity named Chennai Super Kings Cricket Ltd. The company was incorporated on 19 December, 2014 and heads its operations from it's office in Anna Salai, Chennai.
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