Question: Which of the following IPL cricket team has become India’s 1st unicorn sports enterprise?
(a) Chennai Super Kings
(b) Kolkata Knight Riders
(c) Mumbai Indians
(d) Royal Challengers Bangalore
Answer: (a)
Related Facts:
- Chennai Super Kings (CSK) have become the first-ever sports Unicorn in the country to have a market share of Rs 7,600 crores and its share in the grey market trading in the Rs 210-225 price band.
- The Mahendra Singh Dhoni-led CSK, which won its fourth IPL title in Dubai last year, now has a market cap more than its parent entity, India Cements.
- India Cements’ market cap stood at Rs 6,869 crores.
- Two key reasons which have led CSK’s market cap to go past its parent entity are the team winning its fourth IPL title in Dubai, and two new franchises being added to the upcoming season at record prices.
- Unicorns are privately held start-up companies having a valuation of more than USD 1 billion.
BY: AMIT GUPTA