A Oneindia Venture
News Personal finance Gold rates Silver rates Mutual funds IPO MSME
Gold Rates
Silver Rates
Platinum Rates
Fuel Price
Holidays
Banking
Lottery
Calculators
Savings Scheme
Get Updates
Get notified about market trends, financial advice, and investment tips!
English हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
Sensex 73,319.55 +0.25% ↑ Nifty 22,713.10 +0.15% ↑ 22k Gold ₹ 13,835/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 109.24 USD ₹ 92.71
Sensex 73,319.55 +0.25% ↑ Nifty 22,713.10 +0.15% ↑ 22k Gold ₹ 13,835/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 109.24 USD ₹ 92.71
Home News Stocks
India Cements stock falls as SC proposes ban of Chennai Super Kings from IPL
By
Add as a preferred source on Google

n srinivasan
India Cements: Quotes, News
BSE 356.00BSE Quote0.95 (-0.27%)
NSE 358.95NSE Quote1.75 (-0.49%)
Shares in India Cements fell after the Supreme Court proposed a ban on Chennai Super Kings in the IPL. The N Srinivasan controlled India Cements is the owner of the IPL team, Chennai Super Kings.

The stock was last trading at Rs 52.60, down almost 2 per cent in trade on the National Stock Exchange.

It may be recalled that the Supreme Court-appointed panel recently indicted Gurunath Meiyappan, the son-in-law of N Srinivasan, for illegal betting and passing on information about team strategies to bookies during the tournament last year.

According to an IANS report retired judge Mukul Mudgal, probing the IPL spot-fixing scandal, in his report submitted to the Supreme Court said that India Cements, which owned Chennai Super Kings, failed to comply with the BCCI's Anti-Corruption Code for Participants.

India Cements had acquired the Chennai franchisee of the IPL, Chennai Super Kings in 2008.

As per shareholding data available on the company's website, the promoter group, that is N Srnivasan and his family currently hold more than 29% stake in India Cements.

GoodReturns.in

GoodReturns.in

Share This Article
Story first published: Thursday, March 27, 2014, 13:47 [IST]
See More On: india cements

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+
Sign Out