Entries in the ‘IPL’ Category:

Kings XI Punjab for sale

Kings XI Punjab , the IPL cricket franchise is for sale.

Preity Zinta, Ness Wadia, the Burman brothers, Gaurav and Mohit, Karan Paul, and Aditya Khanna, has sought permission from BCCI to sell ninety-three percent of the franchise to London-based private equities firm, ISIS.

Preity Zinta is retaining 7 per cent of her current 23% stake.

Sources pegged the sale in the vicinity of $250 million, which, if true, would mean a 230 per cent profit for Zinta and company. They had acquired Kings XI in 2008 for $76 million (approximately Rs 357 crore).

About Kings XI Punjab:

KingsXI Punjab had been bought by KPH Dream Private Limited in the IPL’s first auction in early 2008 for $76 million payable over ten years.

The company is owned jointly by Preity Zinta (23 per cent), Ness Wadia (23 per cent), Colway (an off-shore company based in Mauritius that has links with Gaurav Burman and his wife Karima Sagrani, who is former IPL commissioner Lalit Modi’s step daughter, 23 per cent), Windy (formerly a Dabur company, acquired by Gaurav Burman at the time of his separation from the family’s core business, 11.5 per cent); MB Finmart (a company owned by Dabur’s Mohit Burman, 11.5 per cent), Karan Paul of Apeejay Surendra (4 per cent) and Aditya Khanna (through Roots Investment, 4 per cent).

YouTube crash on 12 March 2010 ? IPL 2010

YouTube has won the rights for live streaming of IPL 2010 . It’s going to be the most watched event on web. Potential audience for IPL works out to be around 2000 million people around the world.Even if 20% of them watch it through YouTube it is enough to crash servers of Google to stop YouTube service .

No news from Google to what they are gonna do to prevent the servers from crashing.

So let’s see if March 12 turns out to be a nightmare for Google.

Dainik Bhaskar IPO Allotment status

Dainik Bhaskar IPO Allotment status.

Dainik Bhaskar IPO is successful to a great etent , so one can expect good listing gains.

Dainik Bhaskar IPO Allotment status will be updated here soon