DC reveal their stake holders

In a statement issued to the Bombay Stock Exchange and the National Stock Exchange, Deccan Chargers revealed their ownership details.

“With reference to and in the light of various media reports and speculation regarding the shareholding pattern of Indian Premier League franchisees, we would like to place on record, Deccan Chargers is owned by Deccan Chargers Sporting Ventures Limited, a 100 per cent subsidiary of Deccan Chronicle Holdings Limited,” the statement read.

The statement lists Deccan Chargers Sporting Ventures Limited’s Board of Directors, headed by V Shanker as Chairman. The other Board of Directors are T Venkattaram Reddy, PK Iyer, N Krishnan, M Sukumar Reddy and G Kumar.