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Chennai Super Kings (CSK) is a franchise cricket team based in Chennai which plays in the Indian Premier League (IPL). CSK Cricket is the holding company of CSK.
For buying unlisted shares of Chennai Super Kings (CSK) Cricket or any other companies, please call on 8108303330
Chennai Super Kings profile
CSK was formed in 2008. Mahendra Singh Dhoni is Captain and Stephen Fleming is Coach. CSK returned to the league in 2018 after serving a two-year suspension from the IPL since July 2015 for the alleged involvement of owners in IPL betting case.
Brand Value by Duff & Phelps
The brand value of CSK in 2018 was estimated at $65 million. Furthermore, CSK is the most valuable franchise in the IPL. Hence, CSK shares are in high demand as its owner of a growing IPL brand.
CSK shares seem to be trading at lower levels. On the contrary, JSW Sports, a unit of Sajjan Jindal-owned JSW Group, and GMR Group-owned IPL franchise Delhi Daredevils. The company has paid-up capital of Rs 3.10 crore. The current valuation of the Chennai Super Kings is Rs 450 crore.
IPL’s brand value rose 19% to $6.3 billion in 2018 as per Duff & Phelps. Due to, renewed broadcast deal, a controversy free tournament and the presence of marquee players across franchises. Duff & Phelps is a New York-based corporate finance advisory firm.
CSK has been the most successful franchise of the Indian Premier League (IPL), winning three titles. Eleven seasons of the IPL tournament were played till now. The current IPL title holders are the CSK, who won the 2018 season. Hence, CSK is ranked as the most valuable IPL franchise brand.
India Cements Demerger
India Cements bought the CSK franchise for Rs 364 crore, or $91 million. The amount was paid in 10 instalments over 10 years. i.e. Rs 36.4 crore each year till 2017-18.
After its demerger from India Cements, 94,000 retail shareholders were allotted CSK shares on a 1:1 ratio, each having a face value of Rs 0.10. Record date was 9 October 2015.
IPL has by far been the most successful sporting event in India, in which CSK has enjoyed its own pedigree. In the stock market too, CSK is enjoying its first mover advantage over seven other franchises.