GMR disclose the ownership details of DD

Published: Wednesday, April 21, 2010, 23:43 [IST]
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GMR disclose the ownership details of DD

New Delhi: Bangalore-based construction group, GMR Holdings Private Limited has disclosed the ownership details of Delhi Daredevils.

GMR Sports Private Limited, a subsidiary of GMR Holdings Private Limited, owns the Delhi Indian Premier League (IPL) team.

In a statement released on Tuesday, Apr 20, the company revealed that GMR Holdings Private Limited owns 51 percent of share capital.

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The remaining 49 per cent owned by the family members of the GM Rao. It is divided among Rao, who owns 13 pc while Srinivas Bommidala, GB Raju and G Kiran Kumar each hold 12 pc.

All the IPL teams and their owners came under the government scanner following the controversy over the IPL Kochi ownership row. The government launched a probe to clear doubts and questions raised about the source of funds of the franchisees.


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