Skip to main content

IPL 2021: Franchises from Ahmedabad and either Kanpur or Lucknow reportedly set to be added

 


The Board of Control for Cricket in India (BCCI) has already begun the preparations for organizing the 14th edition of the Indian Premier League (IPL 2021) in India in the month of April and May. It is speculated that the Indian board is planning to add two more teams to expand the cash-rich league and make it a tournament of 10 teams instead of 8.

Though there has been no official announcement by any concerned authorities, reports suggest that in the list of shortlisted cities, Ahmedabad tops the charts and the new team can be from the city of Ahmedabad. BCCI wishes to make the newly-built Motera Stadium, also known as Sardar Patel Stadium in Ahmedabad as the home ground of the ninth team while one franchise can also be added from Lucknow or Kanpur.

The Indian board will be hosting its Annual General Meeting (AGM) on December 24th and will be taking a final call on whether to expand the tournament or not. Also, the state associations and members have reportedly also been briefed about the situation ahead of the highly-anticipated meeting.

Adani and Goenka group are favourites to own the new franchise

“Time constraints are there but the full auction will be in the interest of everyone. IPL Governing Council will formally decide on this in next 3-4 weeks and communicate to everyone concerned,” a BCCI source was quoted as saying by Insidesport.

Also, the corporates Adani Group and Goenka Group are the favourites for buying the ninth or tenth team in the next edition of the T20 Championship. The two teams have strongly shown interest in owning a franchise. Adani Group owned by Gautam Adani and RPSG owned by Sanjeev Goenka.

While Adanis have repeatedly shown interest in buying an IPL franchise, the Goenka group was previously associated with the league as the owners of now-defunct Pune Supergiant. Two teams namely Pune Supergiant and Gujarat Lions were added to the Indian league for a period of two years in 2016 and 2017 after Chennai Super Kings and Rajasthan Royals were banned from the tournament due to the 2013 batting scandal.

Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience 

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com

Comments

Popular posts from this blog

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

  JioMart , Reliance's online-to-offline commerce  platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went   live in 200 cities across India, is currently processing an average of  500,000 orders per day. " We can go even higher on peak days",  Jio Platforms CEO   Kiran Thomas  revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of  kiranas  and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials."  "Customers are transacting seamlessly on JioMart and the  conversational nature of the service  enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated that it will continue t

TCS merger with TCS e serve

The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL). The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them. The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012. Computational Res

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p