Advertisement


Advertisement

Thread Rating:
  • 11 Vote(s) - 1.55 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Adani Group may acquire Deccan Chargers for $300mn
Advertisement
#1
Quote:According to investment banking sources, the Gujarat-based Adani Group is close to acquiring IPL 2009 winner Deccan Chargers for $280-300 million, reported a television business news channel.

A top executive at a leading financial institution told a financial daily that the Adani-Deccan deal is almost complete.

Deccan Chronicle holds 80% stake in Deccan Chargers and had paid $107 million for the IPL franchise. It is not clear if Deccan Chronicle will sell out completely or reduce stake to become a minority shareholder. An outright change of ownership will see a change in team’s name as well, since ‘Deccan’ is used by the current promoters of Deccan Chargers.

The Deccan Chargers main players include Andrew Symonds, Chaminda Vaas, Herschelle Gibbs and others.

Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads…
Thread Author Replies Views Last Post
  General News: Fed Cup: India lose to Kazakhstan, out of contention for World Group playoffs nairrk 0 746 02-09-2018, 10:36 AM
Last Post: nairrk
  General News: SRK, GMR Group among franchise owners for South Africa T20 League nairrk 0 782 06-20-2017, 09:12 AM
Last Post: nairrk
  Update: Davis Cup 2016 (Asia|Oceania group) - Updates nairrk 3 720 07-23-2016, 12:14 PM
Last Post: nairrk
  Breaking News: Deccan Chargers Now "SUNRISERS" SUNDIRECT DTH 1 1,891 12-21-2012, 11:35 AM
Last Post: SUNDIRECT DTH
Information Help: AI wait and watch as Dhoni signs with UB group.!!! nairrk 0 992 12-04-2010, 08:25 AM
Last Post: nairrk
  India, South Africa and England in same group for WC2011 Mr.Bhat 0 770 10-08-2009, 08:12 AM
Last Post: Mr.Bhat
  Deccan Chargers endorses Saina Nehwal in 3-year deal Mr.Bhat 1 990 08-09-2009, 01:58 PM
Last Post: sripatiyadav
  India and South Africa In Same Group Mr.Bhat 0 800 07-06-2009, 01:45 PM
Last Post: Mr.Bhat
  Symonds over did the trick for Deccan Chargers: Kumble Sathish 0 796 05-25-2009, 11:34 AM
Last Post: Sathish
  IPL 2: Deccan Chargers snatch Royal Challengers Sathish 0 900 05-25-2009, 11:27 AM
Last Post: Sathish

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement