The India Cement on 26.09.2014 approved a demerger of Chennai Super Kings a BCCI-IPL Franchise 20 20 Cricket Tournament Team into a wholly-owned subsidiary by transferring its net assets at cost. So with effect from 01.01.2015 a new wholly-owned subsidiary will get incorporated. The shareholders of CSK will get one share of CSK for every one share of India Cement.India Cements had transferred its holding of CSK to India Cements Shareholders Trust with October 9 2015 as the date fixed for allotment of the shares. The shareholders of the company were allotted a share each for every India Cements shares they owned. However since that time period CSK along with Rajasthan Royals had to serve a two-year suspension due to respective team principals Gurunath Meiyappan and Raj Kundra found to being involved in the suspicious betting activity.
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