CHENNAI: The Supreme Court on Thursday asked embattled BCCI president-in-exile N Srinivasan to furnish details of shareholdings and composition of the board of directors of India Cements Ltd, which according to him is the owner of IPL team Chennai Super Kings.
According to the latest filing by India Cements to the Bombay Stock Exchange in the quarter ending September 2014, nine persons/entities make up the promoter group that together holds 28.23 per cent shares.
Of them, N Srinivasan owns 4,27,400 shares, which translates into 0.14 per cent. His wife Chitra Srinivasan owns 78,580 shares and daughter Rupa Gurunath (wife of CSK ‘team principal’ Gurunath Meiyappan) 36,440, which works out to 0.03 and 0.01 per cent, respectively.
Of the shareholders among the ‘promoters and promoter group category’, a lion’s share is with three companies: EWS Finance and Investments Pvt Ltd (9 per cent), Prince Holdings Madras Pvt Ltd (8.30 per cent) and Anna Investments Pvt Ltd (4.24 per cent). Together, they account for 21.54 per cent share in India Cements. According to a corporate tracker website, www.corporatedir.com, all three companies have on board one Narayanaswamy Srinivasan as one of the active directors. Also on board of two of those companies - Anna Investments and Prince Holdings - is one Chitra Srinivasan as an active director.
The website claims all three companies have the same address - that of Dhun Building on Anna Salai, where India Cements had one of its offices till about three years ago.