India: The India Cements has approved the transfer of Chennai Super Kings (CSK) to an exclusively-owned subsidiary called Chennai Super Kings Cricket Ltd. The decision came following the previous statement made by The India Cements on 6 February 2015 regarding reorganisation proposals relating to the subsidiary.

The transfer comes after a judgment made by the Supreme Court in January 2015, in which the controversial clause in the Board of Control for Cricket in India's (BCCI) constitution that allowed members to have commercial interests in tournaments like the Indian Premier League (IPL) was struck down. As such, the BCCI's president N Srinivasan, who is also president of The India Cements, has been barred from contesting any polls of the board until he renounces the ownership of Chennai Super Kings.

The India Cements has completed the required documentation for the transfer and also informed the BSE that it would transfer its IPL team CSK to the new subsidiary, Chennai Super Kings Cricket Ltd (CSKC). After approving the demerger of CSK into a wholly-owned subsidiary of The India Cements on 26 September 2014, the board of directors had stated that the effective date of transfer will be 1 January 2015.