New Delhi: A surge in Covid-19 second wave in the country has led to the suspension of the ongoing edition of Indian Premier League (IPL). The cricket tournament has been postponed indefinitely, as at least half a dozen players and support staff from different franchises have tested Covid positive.
After the developments in the last few hours, unlisted shares of IPL franchise Chennai Super Kings (CSK) have nosedived some 30-odd per cent. The unlisted scrip was available at Rs 60-62 in off-market trade on Tuesday down from Rs 82-85 in mid-April, when the tournament had started.
Dealers of pre-IPO market said the kneejerk reaction was on the expected lines.