02 Nov Did you know that you can own a share of the CSK Team?
Mumbai, Maharashtra [India]: The Chennai Super Kings (CSK) team in the Indian Premier League (IPL) does not need an introduction. Team CSK is synonymous with consistency, and are a force to reckon with since the inaugural edition of the IPL. Their fortune may have turned blue this year, however one can argue that the team has been the most successful team since the inception of the IPL.
The brand value of the IPL in 2019 was ₹475 billion, which as a result saw an influx of Private Equity Players within its lucrative market and India’s fan-crazed sport.
Did you know you can invest in CSK shares?
CSK shares are available for sale in the unlisted shares market. Brokers like Babli Investment are known to offer a fair value Buy & Sell price of Rs 49 per share for CSK to its customers. You can easily buy them online and keep a track of the share price.
The CSK group is supported by Muthoot Group, Gulf oil, Equitas Little Account Bank, India concrete, HIL, Nippon Paint, Atria intermingling advances, and Parle Agro Frooti.
The IPL Giant’s Chennai Super Kings with an estimated brand value of US$ 98Million has gained an outsized number of equity promoters since the Franchise Transfer under the Chennai Super Kings Cricket Ltd under the management of India Cements Ltd Director N Srinivasan.
ETMarkets.com had reported in November 2018 that CSK shares were selling at a shocking Rs 13-15 per share in the unlisted market. This had given it a valuation of Rs 450 crore. The CSK stock has gained about 400 per cent in the last one-and-a-half years. Laxmikant Kabra, Managing Partner, Plutus Capital Management, says “CSK is trading at a deep discount compared with other international sports franchise stocks. It is a candidate which can still multiply investors’ wealth once the economic uncertainty gets over,”
But why buy CSK unlisted shares?
Secondary market mainly develops as existing shareholders sell their holding in part or full and hence more shareholders emerge on the scene. Many speculators who got CSK unlisted shares earlier were seen auctioning them off-market between ₹13-15 for each share. Keen speculators are looking to purchase CSK shares.
Other reasons to buy shares include the fact that Chennai Super Kings have the best success rate among all groups in the IPL. CSK have always made the playoffs, they may not make it this year? However, your investment can make a long term profit.
Why should you buy unlisted shares with Babli Investment?
The unlisted share market is not as popular as it ought to be. There is a blooming market for shares that have not yet made it on the list. They can be extremely profitable as these investments come with a high reward probability. Hence Babli Investment, an independent financial advisory consulting services firm takes care of all their clients financial planning.