Chennai Super Kings: The Chennai Super Kings are one of the most successful teams in the IPL. The team has won the IPL title four times.
IPL 2022: IPL 2022(IPL 2022) The Chennai Super Kings team led by Mahendra Singh Dhoni did wonders before the mega auction. Chennai Super Kings are one of the most successful teams in the IPL (Chennai Super Kings) Became the first sports unicorn in the country. The team has a market cap of Rs 7,600 crore. In the gray market, the Chennai Super Kings’ share price is around Rs 210 to Rs 225. Chennai Super Kings is owned by India Cements. Interestingly, CSK India Cements was also left out of the market capitalization. India Cements had a market cap of Rs 6,869 crore at the end of January 28.
Chennai Super Kings say there are two big reasons for the increase in market capitalization. One, the team won the title for the fourth time in 2021. Two new teams have joined the IPL. Both of these were purchased at a very high price. This has increased confidence in the IPL brand. Speaking to Circle of Cricket, former BCCI chief N Srinivasan, managing director of India Cements, said the CSK brand would surpass the India Cements brand. If you look at the history of franchise based leagues in America, it comes to mind. Passionate about cricket in India. In most countries, franchise-based leagues are preferred.
CSK prices go up after IPL win
Shares of Chennai Super Kings Cricket Limited (CSKCL), which controls CSK, reached its highest level in the unlisted market within a week on 26 October 2021. Then the share price rose from Rs 110-120 to Rs 220. As a result, CSKCL has a market capitalization of Rs 7,000 crore. Then the Unicorn Club was just Rs 500 crore away. It happened just 11 days before the IPL 2021 final.
Chennai Super Kings are one of the most successful teams in the IPL. The team has won the IPL title four times. Also, from 2008 to 2021, whenever the team was part of the IPL, it reached the playoffs or semi-finals every time except the 2020 season. Only Mumbai Indians (5) have won more titles than CSK.
What is a Unicorn Club?
New companies or startups worth a billion dollars are part of the Unicorn Club. The term comes from the year 2013. The term was used by American venture capitalist Alin Lee.
And what is this gray market?
Officially the company shares can be bought on the stock market. Can be sold as well. The company has a list for this. But, shares of unlisted companies are sold on the gray market. In this market, shares of such companies are bought and sold. These are suspended from the market. Or buy and sell securities before official trading.
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