The acquisition of India Cements is unlikely to affect the ownership of Chennai Super Kings (CSK), the Indian Premier League (IPL) cricket team.

According to a Moneycontrol report, the transaction will have no impact on the controlling shareholding of CSK, in which N. Srinivasan and his family now own 28.14 per cent

Srinivasan had taken charge of the company in 1989 after the death of his father T.S. Narayanaswami. Reportedly, his daughter Rupa Gurunath and wife Chitra Srinivas had no interest in running the business.

CSK has seven promoters according to its 2022-23 annual report: EWS Finance and Investments (21.47 per cent), Rupa Gurunath as trustee of the Financial Services Trust and Securities Services Trust (6.48 per cent) and N. Srinivasan (0.14 per cent).

Chitra Srinivasan (0.02 per cent), Rupa Gurunath (0.01 per cent), S. K. Ashok Baalaje (0.02 per cent) and Rajam Krishnamurthy (1,940 shares) are the other promoters.

The annual report said during the year, India Cements Shareholders Trust distributed its holding of CSK shares to eligible promoter and non-promoter shareholders of India Cements.