Chennai Super Kings becomes India’s first Sports Unicorn

Tags: Economics/Business

Four times Indian Premier League (IPL) champions and M.S. Dhoni led Chennai Super Kings (CSK) on 29th January 2022 became India’s first Unicorn Sports enterprise.

• Market cap of CSK has now crossed Rs 7600 crore and their shares in the Grey Market are trading at a record price of 210-225 price band.

Grey Market 

It is an unofficial market where financial securities like shares, debentures etc. are bought and sold. It is also called a parallel market. The trading is done only in cash and it is not regulated by Securities Exchange Board of India (SEBI).