Deccan Chargers eyes $250 million valuation for selling the franchise

Deccan Chargers

By admin ⋅ October 30, 2008 ⋅ Post a comment

Deccan Chronicle Holdings Ltd. has mandated KPMG Corporate Finance to find a buyer for Deccan Chargers, the Indian Premier League (IPL) franchise for Hyderabad team. The company is looking at a valuation of $250 million and is prepared to exit. “We are willing to dilute our stake completely if we get the right valuation. We hope to seal the deal within 15-20 days,” a source in the company said.

Via IndianTelevision