Abhishek Securities

  The thirteenth season of the Indian Premier League (IPL) was certainly one of the most closely contested editions of the tournament. At the end of league phase, just a few points that separated the qualifying teams from the one which were eliminated. The end of the IPL has left a gaping hole in our daily routines, but with IPL 2021 less than six months away, fans and cricketing pundits are already trying to work out the various strategies that the franchises will employ in the upcoming auction. The Board of Control for Cricket in India (BCCI) chief Sourav Ganguly has hinted at the inclusion of a ninth team for IPL 2021, which will reportedly be held in April next year in India. Should there be an expansion of the league, a mega-auction will be necessary to ensure that all teams have a shot at assembling a title-winning squad. The auctions have indeed sprung some huge surprises at us. Whether it be franchises breaking the bank over unknown, uncapped players, or some big names goin...

Chennai Super Kings shares are reportedly being traded off-market at a cost of Rs 13-15 per share. The current off-market evaluation of the company is evaluated at Rs 450 crore as against the CSK brand value of USD 98 million according to an evaluation by American American Appraisal India and Duff & Phelps. CSK shares carry a face value of 10 paise for its Rs 3.1 crore paid-up capital. However, the listing of the franchise is not expected to happen any time soon. Advertising “Many investors who got CSK shares early this week were seen selling them off-market between Rs 13-15 per share,” Narottam Dharawat, a Mumbai based broker who deals in unlisted shares is quoted as saying by Economic Times. “Savvy investors are interested in buying CSK shares.” Another Delhi-based trader is quoted as saying that the shares are going at “Rs 12 and Rs 15.” However, compared to a recent deal between JSW Sports, a unit of Sajjan Jindal-owned JSW Group, and GMR Group-owned IPL franchise...