Deccan Chargers sold to Kamla Landmarc

IPL cricket team Deccan Chargers have been sold to a Mumbai based real estate company, Kamla Landmarc. Formalities are being completed between the Deccan Chronicle Holdings Limited and the purchasing company. The owners took the decision to dispose off the Hyderabad based IPL franchise, in the board directors meeting. The owners wrote to National Stock Exchange of India Limited and Bombay Stock Exchange Limited informing about the passed proposal. Kamla Landmarc is one of the leading real estate companies Owned by Ramesh Jain.