Vivek3457789
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Even as speculation continues to mount over the credentials of CVC Capital, casting doubts over its successful bid for the Ahmedabad franchise in the Indian Premier League (IPL), information has emerged that the global Private Equity firm has already fulfilled its first financial commitment.
It has made a payment of INR 75 crore to the Board of Control for Cricket in India (BCCI), as required by a franchise after its winning bid, and the American investment company, with over 120 billion turnover, is believed to have also signed the franchise agreement. All that it requires now is the counter signature from the BCCI authorities.
It has made a payment of INR 75 crore to the Board of Control for Cricket in India (BCCI), as required by a franchise after its winning bid, and the American investment company, with over 120 billion turnover, is believed to have also signed the franchise agreement. All that it requires now is the counter signature from the BCCI authorities.
Ahmedabad IPL franchise owners make first payment, sign on dotted lines
CVC Capital is now awaiting the signed papers from the BCCI, something even the Lucknow franchise owners, Sanjiv Gaoenka's RPSG Group, is looking for
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