In wake of the coronavirus crisis across India, the owners of a popular Indian Premier League (IPL) franchise Delhi Capitals recently pledged to donate a significant sum to the Prime Minister's Relief Fund. Delhi Capitals is one of the most popular IPL franchises and has been known for grooming young Indian cricketing talents like Rishabh Pant, Shreyas Iyer and Prithvi Shaw. The team is co-owned by GMR Group and JSW Group while the director of JSW Sports, Parth Jindal, is the chairman of the franchise.
Chairman of the @TheJSWGroup and chairperson of @JSWFoundation Papa @sajjanjindal and Ma @SangitaSJindal have decided to increase the @TheJSWGroup contribution to @narendramodi ji’s PM - CARES to Rs 100 crores - more to come.Proud to be a JSWite, proud to be Indian - JAI HIND pic.twitter.com/sqW5ceWXsi— Parth Jindal (@ParthJindal11) March 29, 2020
Delhi Capitals is co-owned by an infrastructural company GMR Group and an Indian business conglomerate JSW Group. The two business ventures share a 50% stake in the franchise. It was JSW Sports that purchased 50% stake of Delhi Capitals from the GMR Group in 2018 for a reported amount of ₹550 crore. The JSW Group is worth $14 billion (₹100,000 crore) as of 2015.
On March 29, Delhi Capitals Chairman Parth Jindal took to Twitter and announced that the JSW Group will be donating ₹100 crore to the Prime Minister's Relief Fund. In a media statement made by the company, the JSW Group said that each of their employees are committed to donating a minimum of a single day’s salary to fight against the nationwide crisis caused by the highly-contagious coronavirus. JSW Group Chairman Sajjan Jindal recently said that with Prime Minister's Relief Fund, they are dedicated in aiding the Indian government to deal against coronavirus.
Coming to IPL postponed news, the upcoming edition was recently delayed by the Board of Control for Cricket in India (BCCI). Delhi Capitals were originally slated to open their IPL 2020 campaign against Kings XI Punjab on March 30. However, the IPL 2020 is expected to face further delays going ahead.