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India Cements announces proposal to demerge CSK Team

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Capital Market
Last Updated : Sep 23 2014 | 4:01 PM IST

Into a wholly-owned subsidiary

India Cements announced that the Company presently owns Chennai Super Kings (CSK) - BCCI-IPL Franchise 20/20 Cricket Tournament Team. The Company has proposed to demerge the said CSK Division to a wholly-owned subsidiary of our Company. Accordingly, this proposal is included for consideration of the Board of Directors of the Company at the ensuing meeting on 26 September 2014.

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First Published: Sep 23 2014 | 3:14 PM IST

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