Abhishek Securities

Several members of the Chennai Super Kings (CSK) contingent, including an India medium-pacer, have tested positive for  Covid-19  in Dubai, it is learnt. Sources said, positive results came after CSK players, squad members and support staff underwent  coronavirus  tests on Thursday. The Indian Express  understands that apart from the India seamer, who plays in the shorter formats, a few net bowlers, some members of the digital/social media team and a CSK team official, too, have tested positive. The Chennai-based Indian Premier League (IPL) franchise were scheduled to start training from Friday, but it is learnt that following the latest development, the team has deferred it until September 1. Those who have tested positive will self-isolate for 14 days outside the bio-bubble. The IPL quarantine protocol for Covid positive individuals says: “This will follow the Government policy and is currently 14 days. During the 14-day quarantine, the individual will be test...

Brijesh Patel, the chairman of the  Indian Premier League  ( IPL ) governing council, says he is waiting for the  International Cricket Council 's (ICC) formal announcement on the T20 World Cup, one that's been pending for a while now, before preparations can get underway to host this year's edition. Speaking to TOI on Thursday, Patel said: "We are ready to go ahead with the IPL. But we can start planning the schedule formally only after the official announcement is made on the T20 World Cup, which I'm expecting will arrive anytime soon. On our part, we've already earmarked the September-October window for the tournament to be played. ” The ICC was expected to take a final decision on the T20 World Cup on May 28 which then got deferred to June 10 and is now expected to resume on June 14, Monday. "The meeting was rescheduled for Monday because it got very late on Wednesday and couldn't conclude," those in the know of developments said. Sandip Gi...

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...