Deccan Chronicle Holdings’ owned Deccan Chargers’ IPL team is up for sale and the company has roped in Religare Capital Markets as an ‘investment banker’ to find a prospective client, as per some media reports. Deccan Chronicle group in 2008, had acquired the franchise for $107 million, however the price at which the group is willing to bid the stake remains undisclosed.
Deccan Chargers is a cricket franchise based in the city of Hyderabad in the Indian Premier League (IPL). The team after finishing last in the first season of the IPL, won the second season held in South Africa in 2009, under the captaincy of former Australian wicket-keeper batsman Adam Gilchrist. Gilchrist was the captain of the team for the first three seasons of the IPL.
Deccan Chronicle Holdings is one of the leading publication houses in Andhra Pradesh (AP). Its publications include Deccan Chronicle, Andhra Bhoomi and Financial Chronicle.
Company Name | CMP |
---|---|
D.B. Corp | 290.85 |
Navneet Education | 146.00 |
Jagran Prakashan | 90.30 |
HT Media | 25.50 |
Hindustan Media Vent | 97.10 |
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