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.
IPL 2010: Fixture - Teams - Points - Orange-Purple - 6's & 4's - Highest Score
Catch IPL on Set Max on TV, Youtube on net
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.