Deccan Chargers to be sold to realty firm Kamla Landmarc

[Malcolm Merlyn]

Mumbai: Troubled IPL franchisee Deccan Chargers is set to be sold to Mumbai-based real estate firm Kamla Landmarc Real Estate Holdings for an undisclosed sum, its owner Deccan Chronicle Holdings said today. DCHL has authorised the board to sell the franchise. "Pursuant to its meeting of the board of directors held on October 11, it was resolved to authorise the board of directors to sell, transfer or dispose of the Deccan Chargers Franchise business undertaking, business division of the company to Kamla Landmarc Real Estate Holdings Private Limited," DCHL said in a filing to the BSE. The company said it has approved the draft memorandum of understanding placed before the Board of Directors at its October 11 meeting. The company, however, did not disclose the details of the financial transaction. The resolution of the board has been passed subject to the approval of DCHL shareholders, it said. Shares of DCHL climbed 4.92 per cent to Rs. 9.60 on the BSE soon after the announcement. http://profit.ndtv.com/news/corporates/article-deccan-chargers-to-be-sold-to-realty-firm-kamla-landmarc-311987 Who are these Kamla Vimla shimla people?

[indiefan]

So, it'll be renamed as Kamla Chargers? :--D

[Sidhoni]

So' date=' it'll be renamed as Kamla Chargers? :--D[/quote'] Exactly what i thought!

[varun]

Deal shot down. No more Deccan Chargers from tonight in IPL (according to NDTV)

[jairamesh]

Deccan Dischargers outs of IPL, another bites the dust :hysterical:

[Ras Al Ghul]

Gults:hehe: they save all the money to give away in dowry.:hysterical:

[Crookbond]

The moved to Supreme Court and the SC rejected their appeal.

[Executioner]

DC and gayatri :hehe: what did they expect going into SC? :hystercal:

[SLICKR392]

Kamla Chargers