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Monday, April 27, 2015

BCCI to take legal opinion on CSK's low demerger valuation Sunday April 26,2015

The BCCI on Sunday April 26,2015 decided to seek a fresh legal opinion on the controversial "low" valuation of the IPL franchisee CSK when it demerged from its parent company India cements, headed by N Srinivasan
The decision was taken at a meeting of the BCCI Working Committee after questions were raised about the demerger valuation of CSK post the recent Supreme Court verdict in the IPL case.
An amount of Rs 5 lakh was recorded as the valuation of Chennai Super Kings's demerger. The issue was also debated at the IPL Governing Council meeting in New Delhi.

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