Deccan Chargers sold to real estate firm Kamala Landmarc

October 12, 2012 13:50

IPL cricket team Deccan Chargers sold to Mumbai-based Kamla Landmarc Real Estate Holdings for undisclosed sum. In a missive to the National Stock Exchange and Bombay Stock Exchange Deccan said: "This is to inform you that pursuant to its Meeting of the Board of Directors held on October 11, 2012, it was resolved to authorize the Board of Directors to sell, transfer/dispose off the Deccan Chargers Franchise business undertakings/business division of the Company to Kamla Landmarc Real Estate Holdings Private Limited," the letter said.

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