divestment

MUMBAI: The Board of Control for Cricket in India (BCCI) stands to gain Rs 270 million from the divestment of 50 per cent stake in GMR Group’s Indian Premier League franchise Delhi Daredevils (DD), owned by GMR Sports Private Limited (GSPL), to JSW Sports at an enterprise valuation of Rs 11 billion. 

This is because the BCCI is entitled to 5 per cent of the transacted value of Rs 5.5 billion for 50 per cent stake, Mumbai Mirror reports.