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...
