On BSE exchange, shows Srinivasan & family holds only 0.17 percent in the company
The Supreme Court asked the Board of Control for Cricket in India to disqualify Chennai Super Kings (CSK) without further inquiry. "What is more important? The chair of the franchise. Show exact shareholding pattern of India Cements," SC told BCCI.
Chennai: The Supreme Court on Thursday observed that there was a clear case of conflict of interest as N. Srinivasan was BCCI chief as well as the owner of IPL team Chennai Super Kings.
The Supreme Court asked several details about India Cements: Who the real owners of India Cements were, who formed its board and whose decision it was to invest Rs 400 crore in the CSK franchise as well as information about the shareholding pattern in both CSK and India Cements, with particular reference to Srinivasan and his members of his family.
On the BSE exchange, the share holding pattern of the promoters shows that Srinivasan & family holds only 0.17 percent in the company.
( Source : dc correspondent )
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