| MUMBAI:
Deccan Chargers, the Hyderabad Indian Premier League (IPL) franchise that won
the second season of the league in South Africa, has indicated it would go for
an initial public offering (IPO).
Deccan
Chargers would offer stock options to its players when it goes public. "We
have not decided on the IPO. We do not require to raise funds at this stage. If
we do an IPO, a portion of the stock will be kept for the players," says
Deccan Chronicle Holdings managing director PK Iyer. Earlier,
consulting firm KPMG was given the mandate to value Deccan Chargers. Deccan
Chargers may look at other ways of raising funds including private placement when
it feels the time is ripe for it to dilute stake at the right value. The
auction next year that will see the addition of two teams from 2011 will set a
benchmark for the valuation of the IPL teams. | 
