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PINC ‘IPL’nomics

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Content

INDIAN PREMIER LEAGUE (IPL) – Season 4 3

IPL 2011 – Size increasing 3

Change in format for IPL 2011 3

Revenue and cost drivers 3

Impact on ad revenues 4

Brand value of franchise and IPL 5

How teams have done in the past 7

IPL 2011 Ratings and PINC Probabilities 9

Team Structure (in the order of PINC Rankings) 10

Tournament Schedule 20

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INDIAN PREMIER LEAGUE (IPL) – Season 4

Take your positions and watch with abated breath as cricket frenzy nation’s most awaited 51 days extravaganza IPL unveils today. With the stake reaching its nadir, each team will try to prove its mettle on the field. The recent World Cup 2011 win by Indian cricket team has led to fever pitch expectations from IPL season 4.

IPL 2011 – Size increasing Indian Premier League (IPL) has entered season 4 and the euphoria is even higher after successful three series. This time ten teams will participate with two new additions and there will be 74 matches during 51 days. This will be a long marathon event with more number of matches that will require patience of players and cricket lovers too.

Change in format for IPL 2011

• Each team will play fourteen matches in all in the league stage. Despite the higher number of teams, the number of matches played by each team in league remains fourteen.

• Each team will not play every other team twice as it happened in IPL 2010. Each team will play with five teams twice, one at the home turf and another away. However, it will play with remaining four teams only once, of which two of these games will be played at the home turf and two away. Hence, each team will play fourteen league matches.

• Top four teams will get a chance to compete in the final stages of the game. After the league matches, the four teams will be ranked one, two, three four. Rank 1 and Rank 2 will play and the winner will qualify for the finals. The loser of this match will play the winner of other match between Rank 3 and Rank 4, which will decide the second team for the final match.

• There is no third and fourth position in IPL 2011. The third position will automatically be decided by the loser of the second qualifier for final.

Revenue and cost drivers IPL’s unique format of cricket plus entertainment explores all the possible revenue streams at minimal cost consequently making it the most commercial blockbuster. Exhibit 1 - Entertainment package with multiple revenue avenues Particulars Revenue Streams Cost Drivers Central pool rev//cost Central Broadcasting rights Franchise fees Central Sponsorships Franchisees level rev/cost Team Sponsorships Player salaries Gate receipts Travel and stay cost Merchandise sales Stadium fees Media tie-ups Other Admin cost In-stadium advertising Team Promotion Source: IPL franchise prospectus, PINC Research

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Exhibit 2 - IPL Economics

Source: PINC Research

Revenue share: Win-Win for both BCCI and Franchisees

The television/broadcasting revenue (post production cost) share to BCCI increases with number of IPL seasons, giving initially high proportion to franchisee so as to have positive impact on their pay back periods. Exhibit 3 - Share model of central revenues Revenue split Central broadcasting rev Central sponsorship rev Year 1-3 BCCI gets 20%, teams 80% Year 1-10: BCCI gets 40%, team get 60% Year 4-5 BCCI gets 30%, teams 70% Year 6-10 BCCI gets 40%, teams 60% Source: IPL franchise prospectus

Impact on ad revenues The world cup win of India is expected to have a positive impact on the ad rates for the cricket crazy nation. IPL viewership, ticket sales and ad revenue have exceeded all the Industry media expectations. With increase in advertisement rates (25-20%YoY) and increased number of matches for this season of IPL, the total ad revenue is estimated to generate Rs9bn ad revenue (~8% to the total TV ad revenue in CY11).

Sony WSG (Broadcaster)

BCCI (Organizer)

Team Owners/Franchisee

Inflows Outflows

TV advertising Production cost

Sponsorship & Rights

Prize Money + Umpire money

Franchisee Fee Broadcasting rights & IPL sponsorship

Ticket sales Team sponsors Merchandise In-stadium ads Prize money

Player salaries Stadium leasing Team ads Admin cost

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Exhibit 4 - IPL Advertisement Revenue Trend Total Ad revenue (Rs bn) YoY % IPL 2008 3 - IPL 2009 4 33% IPL 2010 7 75% IPL 2011 (estimate) 9 29% Source: Various Media Sources

The viewership is expected to increase with renewed interest in cricket after the world cup win. Moreover all the matches in prime-time TV slots make it more appealing to the viewers. The average viewership is expected to be 5 (TRP) in this IPL season. From the past trend it is clearly visible that with every season IPL has been gaining strength in terms of viewership, advertisers, sponsors, ad rates and organizers.

IPL 4 is expected to have approx 15,714 ten-second TV advertisement slots for 74 matches. Initial ad spot rate was Rs0-.55mn/10 sec slot. However our recent media check suggests that the current ad spot rate for IPL is prevailing around Rs0.7mn/10sec slot. Exhibit 5 - Advertisement rates for IPL2011 IPL 2011 Initial Ad spot rate (Rs mn/10 secs) 0.55 (20-25% YoY) Format Twenty - Twenty No. of matches 74 (v/s last yr 60 matches) No. of 10 secs TV ad slots 12,744 Match Timings Prime Time (7-10 PM IST) Key Advertisers Hyundai, Vodafone, Cadbury, Videocon, Samsung, Godrej, LG, Pepsi, Tata Photon and Havells Estimated average viewership rating 5 Event cancellation insurance cover (Rs bn) 7 Source: IPL franchise prospectus, media sources, PINC research

Brand value of franchise and IPL The brand value of IPL seems to be ever increasing over the years. The cricket frenzy is expected to continue in this season as well, which is likely to take the brand value to its new high. As per ET’s brand study, the brand values of franchises have seen increase over the last year. The highest brand value of a franchise belongs to Mumbai Indians with USD57.13mn. The corporate side of Mumbai Indians will benefit most from the success of Mumbai Indians. The immediate second position belongs to Chennai Super Kings. Kolkata Knight Riders have not performed well in the previous IPL series but it is still able to maintain its brand value at USD46mn. We have seen two new teams added in IPL 2011 viz. Kochi Tuskers Kerala which has been bidded at USD333mn and Pune Warriors at USD370mn (refer Exhibit 7). The increase in the franchise costs signified the increase in the potential of the brands.

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Exhibit 6 - Brand Value of IPL Franchisees USD mn 2010 2011 Mumbai Indians 40.8 57.13 Chennai Super Kings 48.4 55.37 Kolkata Knight Riders 46.05 46.0 Deccan Chargers Hyderabad 34.44 38.76 Rajasthan Royals 45.16 33.78 Royal Challengers Bangalore 41.9 47.58 Delhi Daredevils 40.55 40.85 Kings XI Punjab 36.05 35.75 Pune Warriors na na Kochi Tuskers Kerala na na Source: ET- Brand Finance Study

Exhibit 7 - Initial Franchise Cost Team USD mn Owners Mumbai Indians 112.9 Mukesh Ambani and Reliance Industries Limited Banglore Royal Challengers 111.6 Dr. Vijay Mallya and UB group Deccan Chargers 107.0 Deccan Chronicle Chennai Super Kings 91.0 India Cements and N Srinivasan Delhi Daredevils 84.0 GMR Holdings Kings XI Punjab 76.0 Preity Zinta, Ness Wadia, Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur) Kolkata Knight Riders 75.1 Shah Rukh Khan, Juhi Chawla Mehtaand Jai Mehta Rajasthan Royals 67.0 Emerging Media: (Manoj Badale,Lachlan Murdoch, Suresh Chellaram) Pune Warriors India 370.0 Sahara Adventure Sports Limited Kochi Tuskers Kerala 333.0 Rendezvous Sports World Source: PINC Research

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How teams have done in the past

IPL have seen three different winners in three different seasons. Will this season show us second win for any of the three teams? The competition for contenders has increase with two new teams participating in the match.

Exhibit 8 - PAST WINNERS Winner Runner up IPL 2008 Rajasthan Royals Chennai Super Kings IPL 2009 Royal Challengers Bangalore Deccan Chargers IPL 2010 Chennai Super Kings Mumbai Indians Source: PINC Research, IPLt20.com

In terms of consistent performance, we see Chennai Super Kings topping the top four charts in all the series of IPL. Deccan Chargers, Royal Challengers and Delhi Daredevils have done well to be among top 4 teams for two times in the last three seasons. Exhibit 9 - HOW THEY STACK UP PRE-SEMI FINALS Rankings pre Semi-Finals IPL 2008 IPL 2009 IPL 2010 Mumbai Indians 5 7 1 Chennai Super Kings 3 2 3 Kolkata Knight Riders 6 8 6 Deccan Chargers Hyderabad 8 4 2 Rajasthan Royals 1 6 7 Royal Challengers Bangalore 7 3 4 Delhi Daredevils 4 1 5 Kings XI Punjab 2 5 8 Pune Warriors India - - - Kochi Tuskers Kerala - - - Source: PINC Research, ESPNCRICINFO

Refer to Exhibit 10, in terms of winning ratio of total matches won to total matches played in all the IPL series (2008, 2009 and 2010), Chennai Super Kings tops the charts with 57% winning ratio. This is followed by Rajasthan Royals, Delhi Daredevils and Mumbai Indians with 56%, 55% and 53% winning ratio, respectively. In IPL 2010 series, the winning ratio was highest for Mumbai Indians at 69% much ahead of any other team. Mumbai Indians played the finals with the second best team of Chennai Super Kings which had a winning ratio of 56%. This was followed by four teams with 50% winning ratio - KKR, DC, RCB and DD. In overall three seasons, Chennai Super Kings has scored maximum runs of 7,346 whereas lowest runs have been scored by Kolkata Knight Riders. Delhi Daredevils have taken maximum 291 wickets in all three seasons whereas KKR again being lowest in the tally.

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Exhibit 10 - Team wise IPL Performances so far Overall - Sum of 3 series Matches Won Lost NR/Tie Runs Scored Runs Against Wickets Taken Wickets Fallen Mumbai Indians 43 23 20 0 6,715 6,315 276 262 Chennai Super Kings 46 26 19 1 7,346 7,079 286 247 Kolkata Knight Riders 41 16 23 2 5,843 5,867 201 232 Deccan Chargers Hyderabad 46 19 27 0 7,011 7,176 279 307 Rajasthan Royals 43 24 18 1 6,468 6,437 273 276 Royal Challengers Bangalore 46 21 25 0 6,664 7,032 247 298 Delhi Daredevils 44 24 19 1 6,317 6,634 297 241 Kings XI Punjab 43 20 22 1 6,670 6,668 244 246 IPL 2008 Matches Won Lost NR/Tie Runs Scored Runs Against Wickets Taken Wickets Fallen Mumbai Indians 14 7 7 0 2,080 2,096 94 79 Chennai Super Kings 16 9 7 0 2,520 2,568 93 79 Kolkata Knight Riders 14 6 7 1 1,942 1,718 70 88 Deccan Chargers Hyderabad 14 2 12 0 2,229 2,307 67 93 Rajasthan Royals 16 13 3 0 2,601 2,403 109 88 Royal Challengers Bangalore 14 4 10 0 1,983 2,205 65 106 Delhi Daredevils 15 7 7 1 2,031 2,310 96 77 Kings XI Punjab 15 10 5 0 2,464 2,417 95 79 IPL 2009 Matches Won Lost NR/Tie Runs Scored Runs Against Wickets Taken Wickets Fallen Mumbai Indians 13 5 8 0 1,897 1,802 81 82 Chennai Super Kings 14 8 6 0 2,231 2,004 91 81 Kolkata Knight Riders 13 3 9 1 1,757 1,957 58 73 Deccan Chargers Hyderabad 16 9 7 0 2,408 2,387 110 101 Rajasthan Royals 13 5 7 1 1,688 1,810 85 94 Royal Challengers Bangalore 16 9 7 0 2,280 2,316 88 106 Delhi Daredevils 15 10 5 0 2,131 2,158 106 75 Kings XI Punjab 14 7 7 0 1,928 1,886 76 87 IPL 2010 Matches Won Lost NR/Tie Runs Scored Runs Against Wickets Taken Wickets Fallen Mumbai Indians 16 11 5 0 2,738 2,417 101 101 Chennai Super Kings 16 9 6 1 2,595 2,507 102 87 Kolkata Knight Riders 14 7 7 0 2,144 2,192 73 71 Deccan Chargers Hyderabad 16 8 8 0 2,374 2,482 102 113 Rajasthan Royals 14 6 8 0 2,179 2,224 79 94 Royal Challengers Bangalore 16 8 8 0 2,401 2,511 94 86 Delhi Daredevils 14 7 7 0 2,155 2,166 95 89 Kings XI Punjab 14 3 10 1 2,278 2,365 73 80 Source: PINC Research

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IPL 2011 Ratings and PINC Probabilities We have studied the team structures and provided scores to various aspects of the teams participating in IPL 2011. The overall ranking is a weighted sum of scores of various parameters. The PINC Probabilities or Rankings signifies the ranking or the seed of various teams based on the methodology adopted by us.

Exhibit 11 - IPL 4 Rating Probabilities Team Captain Age Leadership Batting Strength Bowling Strength All-

rounder Team Composition Overall Score PINC Ranking

Chennai Super Kings M S Dhoni 9.3 10.0 9.8 9.4 8.5 9.8 9.5 1 Mumbai Indians Sachin Tendulkar 9.5 8.8 9.8 9.2 8.4 9.8 9.3 2 Pune Warriors Yuvraj Singh 9.8 8.3 9.1 8.9 6.6 9.5 8.7 3 Royal Challengers Bangalore Daniel Vettori 9.5 9.8 8.8 9.8 6.3 8.5 8.7 4

Kochi Tuskers Kerala Mahela Jayawardene 8.9 8.8 9.6 9.2 7.0 7.8 8.7 5

Deccan Chargers Hyderabad Kumar Sangakkara 10.0 9.5 9.6 9.0 5.5 8.5 8.7 6

Kolkata Knight Riders Gautam Gambhir 9.5 8.3 9.2 7.7 7.3 9.7 8.6 7 Delhi Daredevils Virender Sehwag 9.7 8.3 9.4 8.4 6.8 9.0 8.6 8 Rajasthan Royals Shane Warne 9.2 8.3 9.2 9.6 6.7 8.0 8.6 9 Kings XI Punjab Adam Gilchrist 9.6 9.8 9.8 7.9 7.2 7.5 8.6 10 Source: PINC Research, ESPNCRICINFO Note: Weight age for Age 5%, Leadership 10%, Batting Strength 30%, Bowling Strength 20%, All-rounder 15% and Team Composition 20%

Exhibit 12 - Head to head performance

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Rajas

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Roya

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Delhi

Dar

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King

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Mumbai Indians 3/7 5/6 3/6 3/5 4/7 3/6 2/6 Chennai Super Kings 4/7 4/5 3/7 3/7 3/7 3/6 7/7 Kolkata Knight Riders 1/6 1/5 4/6 2/5 3/6 3/6 3/6 Deccan Chargers 3/6 4/7 2/6 1/6 4/8 3/7 2/6 Rajasthan Royals 2/5 4/7 3/5 5/6 3/6 3/6 4/6 Royal Challengers 3/7 4/7 3/6 4/8 3/6 2/7 3/6 Delhi Daredevils 3/6 3/6 3/6 4/7 3/6 5/7 2/6

WIN

NE

RS

Kings XI Punjab 4/6 0/7 3/6 4/6 2/6 3/6 4/6 Source: PINC Research, ESPNCRICINFO

How to read the Exhibit 12:

• Each box explains total match won by total match played between two teams

• The team on the X axis has won the match against the team mentioned in the Y axis

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Team Structure (in the order of PINC Rankings)

Exhibit 13 - Chennai Super Kings Team Structure Players National Age Matches Total Score Average Strike Rate Wickets Avg Wkt Econ Rate 4s 6s M S Dhoni (c) India 29 79 1,698 35.4 128.5 0 - - 131 55 Albie Morkel South Africa 29 139 2,121 28.3 142.9 113 27.7 8.0 148 118 Scott Styris New Zealand 35 109 2,256 24.3 129.7 81 26.9 7.5 152 105 Dwayne Bravo West Indies 27 81 1,306 24.2 126.9 76 25.9 8.3 96 56 Suresh Raina India 27 71 2,087 37.3 144.0 20 22.5 6.9 174 94 S Badrinath India 30 66 1,086 27.8 116.1 1 22.0 7.3 106 27 Wriddhiman Saha India 26 49 679 27.2 139.4 0 - - 59 28 Michael Hussey Australia 27 46 1,141 42.3 133.0 0 - - 99 34 Murali Vijay India 27 45 1,164 28.4 128.8 0 - - 93 53 Francois Du Plessis South Africa 26 43 692 20.4 117.5 34 18.4 7.1 67 17 Joginder sharma India 27 40 224 14.9 132.5 36 27.3 8.0 16 11 Tim Southee New Zealand 22 39 141 9.4 143.9 48 23.4 8.0 15 7 Ravichandran Ashwin India 24 35 50 6.3 74.6 46 17.7 6.3 4 0 Doug Bollinger Australia 29 35 23 23.0 104.5 37 24.9 7.5 2 1 George Bailey Australia 28 32 714 29.8 137.0 0 - - 59 26 Shadab Jakati India 30 31 123 13.7 124.2 35 21.9 7.2 13 1 Anirudha Srikkanth India 23 31 656 27.3 131.7 0 - - 56 27 Nuwan Kulasekara Sri Lanka 28 28 153 10.9 125.4 30 27.3 7.8 5 8 Yo Mahesh India 23 27 54 10.8 101.9 33 23.5 8.0 3 2 Ben Hilfenhaus Australia 28 21 28 5.6 65.1 25 20.8 7.1 0 1 Sudeep Tyagi India 23 19 3 1.5 60.0 12 35.7 8.4 0 0 Suraj Randiv Sri Lanka 26 19 41 6.8 136.7 19 20.2 7.1 2 2 Abhinav Mukund India 21 9 168 24.0 100.0 5 7.8 7.1 20 0 Source: PINC Research, ESPNCRICINFO

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Exhibit 14 - Mumbai Indian Team Structure National Age Matches Total Score Average Strike Rate Wickets Avg Wkt Econ Rate 4s 6s Sachin Tendulkar (c) India 37 44 1516 38.9 129.5 2 61.5 7.9 201 21 Kieron Pollard West Indies 23 88 1666 26.9 169.8 87 19.0 7.7 102 124 Rohit Sharma India 23 80 2019 33.1 132.6 26 23.2 7.2 177 85 Andrew Symonds Australia 35 78 1980 33.6 154.2 51 31.4 8.0 181 80 Lasith Malinga Sri Lanka 27 71 68 7.6 89.5 84 20.5 7.0 3 3 Harbhajan Singh India 30 70 405 15.0 143.6 61 26.1 6.6 36 21 James Franklin New Zealand 30 64 1424 31.6 128.4 37 37.1 8.1 99 53 Davy Jacobs South Africa 28 55 1221 28.4 118.9 0 - 14.0 105 42 Moises Henriques Australia 24 40 549 18.3 120.1 31 29.5 8.5 46 10 Dilhara Fernando Sri Lanka 31 39 36 6.0 102.9 50 21.1 7.4 5 0 Tirumalasetti Suman India 27 37 745 25.7 122.5 11 27.5 7.9 59 32 Aiden Bllzzard Australia 26 34 697 22.5 153.2 0 - 10.0 94 25 Munaf Patel India 27 32 37 9.3 115.6 34 24.3 7.7 5 0 Clint McKay Australia 28 31 122 13.6 152.5 43 22.0 8.3 7 8 Ambati Rayudu India 25 28 643 24.7 129.1 0 - - 55 19 Dhawal Kulkarni India 22 24 16 8.0 44.4 22 27.1 8.2 0 0 Rajagopal Sathish India 30 20 222 20.2 129.1 3 54.0 8.1 21 4 Aditya Tare India 23 15 202 22.4 113.5 0 - - 20 6 Ali Murtaza India 21 14 94 31.3 90.4 15 20.2 7.4 7 1 Abu Nechim India 22 10 33 6.6 100.0 6 41.0 7.5 3 1 Yuzvendra Chahal India 20 10 5 5.0 100.0 10 15.4 4.3 0 0 Sarul Kanwar India 23 5 124 24.8 104.2 0 - - 14 4 Santosh Yadav India 31 3 30 15.0 83.3 5 9.0 5.9 2 0 Suryakumar Yadav India 20 3 25 8.3 92.6 2 13.5 4.5 1 0 Pawan Suyal India 21 1 0 - - 2 24.0 6.9 0 0 Source: PINC Research, ESPNCRICINFO

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Exhibit 15 - Pune Warriors Team Structure Players National Age Matches Total Score Average Strike Rate Wickets Avg Wkt Econ Rate 4s 6s Yuvraj Singh (c) India 29 79 1,797 26.3 136.1 31 22.6 7.4 147 95 Alfonson Thomas South Africa 34 91 172 12.3 111.7 112 19.0 7.2 19 2 Robin Uthappa India 25 79 1,552 24.6 131.6 0 - - 143 62 Murali Kartik India 34 78 155 14.1 102.6 60 30.3 6.6 11 2 Graeme Smith South Africa 30 75 2,216 32.1 125.3 4 37.0 9.3 274 48 Nathan McCullum New Zealand 30 71 963 24.1 136.0 71 21.3 7.0 61 46 Agelo Mathews Sri Lanka 23 53 857 26.0 121.0 32 27.9 8.0 67 24 Ashish Nehra India 31 42 49 9.8 98.0 50 22.6 7.5 3 3 Manish Pandey India 21 41 867 26.3 119.1 0 - - 89 17 Jesse Ryder New Zealand 26 39 796 22.1 138.2 9 54.7 8.2 81 34 Mithun Manhas India 31 32 491 30.7 107.7 3 15.7 9.4 46 3 Jerome Taylor West Indies 26 30 67 9.6 134.0 43 18.2 7.4 4 3 Callum Ferguson Australia 26 29 518 21.6 124.5 0 - - 45 10 Wayne Parnell South Africa 21 28 46 15.3 97.9 28 22.6 6.6 3 0 Abhishek Jhunjhunwala India 28 27 348 17.4 106.7 1 107.0 9.6 31 6 Tim Paine Australia 26 24 369 18.5 145.3 0 - - 32 15 Mohnish Mishra India 27 24 539 23.4 137.5 0 - - 64 19 Sachin Rana India 26 16 267 19.1 124.8 13 21.1 7.1 17 11 Rahul Sharma India 24 14 46 6.6 104.5 13 26.6 7.4 4 2 Shrikant Wagh India 22 12 85 28.3 111.8 12 25.7 8.3 6 1 Ganesh Gaikwad India 23 11 171 21.4 114.8 17 13.5 5.2 11 6 Dheeraj Jadhav India 31 10 171 24.4 92.4 0 - 11.5 14 1 Kamran Khan India 19 10 22 22.0 122.2 12 21.1 8.0 2 0 Harshad Khadiwale India 22 9 318 35.3 140.1 0 - 13.0 37 8 Shrikant Mundhe India 22 9 26 4.3 65.0 10 22.8 7.4 0 0 Harpreet Singh India 19 8 202 40.4 110.4 0 - - 14 4 Mitchell Marsh Australia 19 6 52 13.0 92.9 6 15.7 7.6 3 2 Eklavya Dwivedi India 22 4 43 43.0 93.5 0 - - 3 0 Bhuvneshwar Kumar India 20 4 24 12.0 100.0 1 106.0 7.6 3 0 Imtiyaz Ahmed India 25 1 - - - 0 - 13.0 0 0 Source: PINC Research, ESPNCRICINFO

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Exhibit 16 - Royal Challengers Team Structure Players National Age Matches Total Score Average Strike Rate Wickets Avg Wkt Econ Rate 4s 6s Daniel Vettori (c) New Zealand 32 57 669 20.9 121.6 67 19.7 6.2 58 13 Dirk Nannes Australia 34 100 42 8.4 93.3 132 19.8 7.0 3 1 T Dilshan Sri Lanka 34 78 1,647 25.0 119.7 17 28.9 6.8 187 37 Johan van der Wath South Africa 33 74 654 17.7 132.4 75 24.7 7.5 39 36 A B De Viliers South Africa 27 72 1,599 28.6 125.6 0 - - 124 48 Charl Langeveldt South Africa 36 66 36 7.2 78.3 93 17.4 6.9 1 1 Virat Kohli India 22 62 1,143 25.4 128.9 2 109.5 8.8 113 32 Zaheer Khan India 32 60 136 10.5 100.0 61 27.8 7.7 13 2 Mohammed Kaif India 30 37 635 21.9 109.1 0 - - 67 11 Saurabh Tiwary India 21 34 830 31.9 133.9 0 - - 73 34 Luke Pomersbach Australia 26 30 572 23.8 129.7 0 - - 47 28 Rilee Rossouw South Africa 21 20 343 17.2 111.7 0 - - 32 11 Cheteshwar Pujara India 23 18 270 24.5 112.0 0 - - 31 5 Jonathan Vandiar South Africa 20 18 356 20.9 119.5 0 - - 29 14 Sreenath Aravind India 27 14 6 - 66.7 14 19.1 6.4 0 0 Arun Karthik India 25 10 206 29.4 126.4 2 22.0 11.0 19 6 Abhimanyu Mithun India 21 9 6 2.0 66.7 6 39.0 9.0 1 0 Raju Bhatkal India 25 9 22 11.0 115.8 8 14.6 6.3 1 0 Nuwan Pradeep Sri Lanka 24 7 5 2.5 55.6 6 29.5 7.4 1 0 Mayank Agarwal India 20 5 166 41.5 139.5 0 - - 14 6 Asad Pathan India 26 4 46 15.3 143.8 0 - - 5 2 BN Bharath India 25 - - - - 0 - - 0 0 Muralidharen Gautam India 25 - - - - 0 - - 0 0 Abrar Kazi India 21 - - - - 0 - - 0 0 Ryan Ninan India 25 - - - - 0 - - 0 0 Source: PINC Research, ESPNCRICINFO

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Exhibit 17 - Kochi Tuskers Team Structure Players National Age Matches Total Score Average Strike Rate Wickets Avg Wkt Econ Rate 4s 6s Mahela Jayawardene (c) Sri Lanka 33 89 2,154 30.8 141.1 3 27.3 7.1 234 62 Brad Hodge Australia 36 113 3,405 35.1 127.0 49 21.7 7.6 368 80 Brendon McCullum New Zealand 29 99 2,716 32.0 137.4 0 - - 274 116 Owais Shah England 32 97 2,453 34.1 129.6 4 16.0 8.5 195 102 M Muralidharan Sri Lanka 38 73 38 3.2 80.9 95 18.2 6.2 2 1 R P Singh India 25 64 91 5.7 83.5 79 22.6 7.6 4 2 S Sreesanth India 27 44 71 14.2 86.6 38 33.4 8.7 13 0 Parthiv Patel India 25 43 800 20.0 107.5 0 - - 108 11 Steven Smith Australia 21 41 417 17.4 119.1 42 17.1 7.4 37 8 Ravindra Jadeja India 22 40 549 22.0 113.7 13 37.3 7.4 40 14 Thisara Perera Sri Lanka 21 35 186 10.3 124.8 36 19.4 7.1 12 10 Balachandra Akhil India 33 34 308 18.1 148.8 24 25.7 7.1 30 11 R Vinay Kumar India 28 26 185 10.3 123.3 52 25.3 8.0 11 8 Michael Klinger Australia 30 26 617 29.4 130.7 0 - - 55 20 V V S Laxman India 36 22 447 23.5 115.8 0 - - 54 6 Ramesh Powar India 32 22 61 20.3 107.0 12 34.8 7.0 7 1 Yashpal Singh India 29 22 380 22.4 106.4 7 28.1 6.7 36 3 John Hastings Australia 25 20 93 7.2 109.4 16 29.8 7.7 5 4 Kedar Jadhav India 26 17 251 19.3 134.9 4 19.5 8.7 19 7 Tanmay Srivastava India 21 16 198 22.0 111.9 0 - - 19 4 Steve O’Keefe Australia 26 11 75 12.5 101.4 10 23.7 7.6 8 1 Raiphi Gomez India 25 11 210 23.3 122.1 3 77.7 8.0 19 6 Gnaneswara Rao India 26 11 258 25.8 127.7 1 42.0 8.4 17 10 Chandan Madan India 28 6 152 50.7 116.9 0 - - 9 5 Sushant Marathe India 25 1 8 8.0 133.3 0 - - 2 0 Prasanth Padmanabhan India 26 - - - - 0 - - 0 0 Source: PINC Research, ESPNCRICINFO

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Exhibit 18 - Deccan Chargers Team Structure Players National Age Matches Total Score Average Strike Rate Wickets Avg Wkt Econ Rate 4s 6s Kumar Sangakkara (c) SriLanka 33 80 2,182 31.2 129.1 0 - - 244 39 Michael Lumb England 31 92 1,962 22.5 143.0 3 21.7 10.8 260 63 JP Duminy South Africa 26 90 2,210 34.5 120.1 23 22.1 7.5 185 67 CL White Australia 27 88 1,960 31.6 136.9 23 21.9 14.5 119 102 Dale Steyn South Africa 27 71 51 4.3 92.7 74 24.2 6.8 3 2 Kevin Pietersen England 30 59 1,662 32.0 139.2 17 25.0 7.9 166 48 Pragyan Ojha India 24 57 32 3.6 91.4 73 18.8 6.9 0 2 Amit Mishra India 28 53 334 15.9 107.4 74 18.1 6.8 34 3 Daniel Christian Australia 27 50 502 17.3 137.2 48 22.4 8.1 26 25 Juan Theron South Africa 25 50 71 7.9 101.4 58 22.1 7.0 4 1 Ishant sharma India 22 46 41 10.3 83.7 32 39.0 7.8 3 1 Shikhar Dhawan India 25 44 1,006 27.2 110.3 0 - - 104 19 Manpreet Gony India 27 36 152 15.2 146.2 35 26.5 7.6 8 10 DB Ravi Teja India 23 25 347 19.3 103.9 3 29.3 8.8 32 6 S Sohal India 23 21 262 15.4 106.5 0 - - 27 10 Harmeet Singh India 23 16 - - - 11 34.5 7.9 0 0 AS Yadav India 29 14 115 11.5 121.1 0 - - 11 4 Anand Ranjan India 23 14 - - - 28 12.6 6.3 0 0 Jaydev Shah India 27 12 168 14.0 109.1 7 15.1 8.5 16 7 Ishank Jaggi India 22 9 148 21.1 98.0 0 - - 13 1 Ankit Sharma India 19 8 26 4.3 108.3 6 30.5 7.3 1 2 AA Reddy India 20 6 57 19.0 158.3 9 13.2 7.4 3 4 Chris Lynn Australia 20 5 40 13.3 117.6 0 - 6.0 4 1 Bharat Chipli India 28 4 54 13.5 117.4 0 - - 7 2 I Malhotra India 26 4 15 15.0 166.7 2 33.5 6.7 2 0 Akash Bhandari India 17 3 20 20.0 142.9 5 12.2 5.2 1 2 Kedar Devdhar India 21 0 - - - 0 - - 0 0 Source: PINC Research, ESPNCRICINFO

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Exhibit 19 - Kolkata Knight Riders Team Structure Players National Age Matches Total Score Average Strike Rate Wickets Avg Wkt Econ Rate 4s 6s Gautam Gambhir (c) India 29 72 1844 28.4 121.8 0 - - 222 20 Ryan ten Doeschate Netherlands 30 86 1555 26.8 130.1 52 22.1 7.8 96 62 Yusuf Pathan India 28 74 1526 24.6 163.2 54 25.6 7.8 128 96 Jacques Kallis South Africa 35 67 1978 34.7 114.4 36 41.2 8.0 200 45 Eoin Morgan England 24 66 1400 27.5 130.4 0 - - 123 49 Pradeep Sangwan India 20 46 42 5.3 91.3 44 28.1 7.7 1 1 Manoj Tiwary India 25 45 991 31.0 121.7 10 23.9 7.0 86 21 Brett Lee Australia 34 43 230 19.2 133.7 39 28.4 7.1 18 12 Lakshmipathy Balaji India 29 42 23 3.3 60.5 47 22.7 7.8 1 1 Laxmi Shukla India 29 41 578 24.1 128.2 28 23.6 7.7 43 22 Rajat Bhatia India 31 40 364 18.2 112.7 33 23.9 7.4 24 10 Brad Haddin (wk) Australia 33 35 558 19.2 113.4 0 - - 42 16 Manvinder Bisla India 26 25 568 24.7 105.6 0 - - 54 11 Shakib Al Hasan Bangladesh 24 21 293 14.0 113.1 25 19.5 6.4 24 7 Iqbal Abdulla South Africa 21 20 52 13.0 100.0 21 19.8 6.0 2 2 Shreevats Goswami India 21 18 342 20.1 88.6 0 - - 33 3 James Pattinson Australia 20 10 18 18.0 78.3 12 23.3 7.9 1 0 Sarabjit Ladda India 24 8 5 2.5 41.7 6 36.2 8.0 1 0 Shami Ahmed India 21 8 2 2.0 100.0 14 11.6 5.4 0 0 Jaidev Unadkat India 19 7 2 2.0 28.6 14 12.1 6.8 0 0 Source: PINC Research, ESPNCRICINFO

IPL 4

17

Exhibit 20 - Delhi Daredevils Team Structure Players National Age Matches Total Score Average Strike Rate Wickets Avg Wkt Econ Rate 4s 6s Virender Sehwag (c) Indian 32 66 1,604 26.4 159.3 19 20.7 8.1 196 63 David Warner Australia 24 92 2,512 28.9 142.9 0 - - 262 103 Irfan Pathan India 26 69 818 22.7 132.2 78 23.3 7.7 59 34 James Hopes Australia 32 50 955 24.5 131.2 36 34.1 8.4 110 18 Roelof van der Merwe South Afrika 26 50 538 19.9 127.5 56 21.9 7.2 45 26 Venugopal Rao India 29 47 736 21.0 123.7 8 47.5 8.4 50 28 Andrew McDonand Australia 29 46 749 30.0 125.3 50 20.5 7.7 51 19 Morne Morkel South Afrika 26 45 36 7.2 67.9 46 23.4 6.9 3 0 Ashok Dinda India 26 44 25 4.2 78.1 43 22.0 6.7 1 0 Ajit Agarkar India 33 41 222 15.9 126.1 32 32.3 8.3 17 6 Travis Birt Australia 29 40 745 21.3 131.2 0 - - 60 31 Naman Ojha India 27 39 856 24.5 121.2 0 - - 84 42 Colin Ingram South Afrika 25 29 665 26.6 122.2 0 - - 57 26 Robert Frylinck South Afrika 26 25 213 15.2 165.1 26 24.0 7.5 17 14 Aaron Finch Australia 24 24 777 48.6 134.5 0 - 4.3 73 26 Matthew Wade Australia 23 24 327 21.8 122.9 0 - - 30 11 Yogesh Nagar India 21 14 109 15.6 107.9 15 13.2 6.7 9 3 Umesh Yadav India 23 13 6 3.0 60.0 10 35.7 7.9 0 0 Shahbaz Nadeem India 21 13 80 16.0 121.2 13 19.5 5.4 3 4 Avishkar Salvi India 29 11 - - - 9 27.4 7.3 0 0 Sridharan Sriram India 35 9 156 22.3 99.4 4 50.5 7.5 12 1 Rajesh Pawar India 31 8 7 2.3 50.0 6 29.8 8.1 0 0 Varun Aaron India 21 7 15 7.5 107.1 6 25.7 5.9 2 0 Robin Bist India 23 7 61 12.2 81.3 5 14.8 7.4 3 0 Ajit Chandia India na 6 28 28.0 147.4 7 21.0 6.4 2 2 Tejaswi Yadav India 21 4 3 3.0 75.0 0 - 8.3 0 0 Vivek Yadav India 26 4 7 7.0 87.5 2 51.0 6.8 1 0 Prashant Naik India 24 3 24 8.0 85.7 0 - - 3 0 Unmukt Chand India 18 2 5 2.5 50.0 0 - - 1 0 Vikas Mishra India 18 1 - - - 1 24.0 8.0 0 0 Source: PINC Research, ESPNCRICINFO

IPL 4

18

Exhibit 21 - Rajasthan Royals Team Structure Players National Age Matches Total Score Average Strike Rate Wickets Avg Wkt Econ Rate 4s 6s Shane Warne (c) Australia 41 45 200 10.0 96.2 46 26.6 7.5 14 7 Ross Taylor New Zealand 27 102 2,607 33.0 149.6 8 33.6 9.0 194 157 Johan Botha South Africa 28 68 459 17.0 113.3 63 23.2 6.0 32 11 Jacob Oram New Zealand 32 65 817 18.2 127.5 43 34.4 8.6 60 41 Shaun Tait Australia 28 58 77 6.4 74.0 81 20.0 7.6 3 4 Shane Watson Australia 29 55 1,385 32.2 150.5 49 22.5 7.4 121 66 Rahul Dravid India 38 54 1,187 28.3 120.0 0 - - 130 20 Paul Collingwood England 34 54 877 19.9 124.6 36 16.1 7.5 56 39 Siddharth Trivedi India 28 48 63 7.0 103.3 50 24.6 7.8 5 1 Nayan Doshi India 32 46 10 2.5 47.6 63 15.9 6.7 1 0 Swapnil Asnodkar India 27 33 729 22.8 118.9 0 - - 80 18 Ajinkya Rahane India 22 27 361 15.0 101.4 1 5.0 5.0 36 5 Pinal Shah India 23 26 343 21.4 112.5 0 - - 34 6 Faiz Fazal India 25 22 344 17.2 105.8 0 - 10.0 36 4 Abhishek Raut India 24 20 177 22.1 126.4 2 38.0 8.4 12 7 Aakash Chopra India 33 16 309 22.1 93.9 0 - - 27 1 Pankaj Singh India 25 14 23 5.8 104.5 8 50.5 9.6 0 1 Sumit Narwal India 28 14 94 18.8 162.0 15 25.9 8.5 5 6 Samad Fallah India 25 12 5 5.0 125.0 18 16.6 6.2 1 0 Amit Paunikar India 22 9 167 20.9 124.6 0 - - 18 5 Stuart Binny India 26 7 50 12.5 92.6 5 27.6 7.3 4 0 Dinesh Salunkhe India 28 6 33 16.5 137.5 1 78.0 9.8 5 0 Dishant Harendra Yagnik India 27 6 220 36.7 141.9 0 - - 27 9 Ankeet Chavan India 25 3 67 - 155.8 0 - 8.0 4 3 Aditya Dole India 23 3 34 17.0 154.5 5 22.4 10.2 3 1 Deepak Chahar India 18 1 5 - 100.0 0 - 7.5 1 0 Amit Singh India 24 0 - - - 0 - - 0 0 Ashok Menaria India 20 0 - - - 0 - - 0 0 Source: PINC Research, ESPNCRICINFO

IPL 4

19

Exhibit 22 - Kings XI Team Structure Players National Age Matches Total Score Average Strike Rate Wickets Avg Wkt Econ Rate 4s 6s Adam Gilchrist (c) Australia 39 68 1,773 26.9 147.5 0 - - 193 92 David Hussey Australia 33 137 3,476 32.8 136.2 39 27.6 7.2 234 149 Ryan Mclaren South Africa 28 88 623 20.8 113.1 76 27.7 7.5 58 6 Dinesh Karthik India 25 72 1,184 24.2 126.4 1 10.0 5.0 115 29 Piyush Chawla India 22 60 348 14.5 118.4 59 25.5 7.3 33 8 Praveen Kumar India 24 55 315 13.7 125.0 50 29.6 7.6 25 16 Shaun Marsh Australia 27 42 1,631 45.3 135.0 0 - 6.5 148 65 Ryan Harris Australia 31 38 148 11.4 105.0 50 20.2 7.3 4 5 Abhishek Nayar India 27 36 592 25.7 130.1 7 36.1 8.4 45 25 Paras Dogra India 19 24 441 27.6 102.3 0 - - 29 9 Bipul Sharma India 27 23 293 29.3 135.0 14 24.7 6.7 23 7 Nathan Rimmington Australia 28 22 32 10.7 133.3 31 17.5 7.3 3 1 Sunny Singh India 24 22 468 26.0 118.5 0 - - 52 7 David Andrew Miller South Africa 21 20 436 33.5 129.4 0 - 10.3 33 17 Vikramjeet Singh Malik India 27 18 93 13.3 122.4 15 31.6 8.2 11 2 Love Abhish India 28 16 5 - 55.6 25 14.8 6.7 0 0 Shalabh Srivastava India 29 16 2 0.7 50.0 12 38.9 8.4 0 0 Amit Yadav India 21 13 75 8.3 121.0 13 20.3 6.4 2 5 Siddharth Chitnis India 23 13 179 29.8 182.7 4 28.5 9.5 11 15 Paul Valthaty India 27 11 258 23.5 141.8 4 28.8 8.2 43 4 Nitin Saini India 28 10 175 21.9 104.2 0 - - 14 0 Mandeep Singh India 19 6 57 14.3 103.6 0 - - 6 0 Bhargav Bhatt India 20 - - - - 0 - - 0 0 Source: PINC Research, ESPNCRICINFO

IPL 4

20

Exhibit 23 - TOURNAMENT SCHEDULE Date Local / IST No. Match Details Venue 8-Apr-11 20:00 1st Chennai Super Kings vs Kolkata Knight Riders, 1st IPL Chennai 9-Apr-11 16:00 2nd Deccan Chargers vs Rajasthan Royals, 2nd IPL Hyderabad 9-Apr-11 20:00 3rd Kochi Tuskers Kerala vs Royal Challengers Bangalore, 3rd IPL Kochi 10-Apr-11 16:00 4th Delhi Daredevils vs Mumbai Indians, 4th IPL Delhi 10-Apr-11 20:00 5th Pune Warriors vs Kings XI Punjab, 5th IPL Navi Mumbai 11-Apr-11 20:00 6th Kolkata Knight Riders vs Deccan Chargers, 6th IPL Kolkata 12-Apr-11 16:00 7th Rajasthan Royals vs Delhi Daredevils, 7th IPL Jaipur 12-Apr-11 20:00 8th Royal Challengers Bangalore vs Mumbai Indians, 8th IPL Bangalore 13-Apr-11 16:00 9th Kings XI Punjab vs Chennai Super Kings, 9th IPL Mohali 13-Apr-11 20:00 10th Pune Warriors vs Kochi Tuskers Kerala, 10th IPL Navi Mumbai 14-Apr-11 20:00 11th Deccan Chargers vs Royal Challengers Bangalore, 11th IPL Hyderabad 15-Apr-11 16:00 12th Rajasthan Royals vs Kolkata Knight Riders, 12th IPL Jaipur 15-Apr-11 20:00 13th Mumbai Indians vs Kochi Tuskers Kerala, 13th IPL Hyderabad 16-Apr-11 16:00 14th Chennai Super Kings vs Royal Challengers Bangalore, 14th IPL Chennai 16-Apr-11 20:00 15th Deccan Chargers vs Kings XI Punjab, 15th IPL Hyderabad 17-Apr-11 16:00 16th Pune Warriors vs Delhi Daredevils, 16th IPL Navi Mumbai 17-Apr-11 20:00 17th Kolkata Knight Riders vs Rajasthan Royals, 17th IPL Kolkata 18-Apr-11 20:00 18th Kochi Tuskers Kerala vs Chennai Super Kings, 18th IPL Kochi 19-Apr-11 16:00 19th Delhi Daredevils vs Deccan Chargers, 19th IPL Delhi 19-Apr-11 20:00 20th Royal Challengers Bangalore vs Rajasthan Royals, 20th IPL Bangalore 20-Apr-11 16:00 21st Mumbai Indians vs Pune Warriors, 21st IPL Mumbai 20-Apr-11 20:00 22nd Kolkata Knight Riders vs Kochi Tuskers Kerala, 22nd IPL Kolkata 21-Apr-11 20:00 23rd Kings XI Punjab vs Rajasthan Royals, 23rd IPL Mohali 22-Apr-11 16:00 24th Kolkata Knight Riders vs Royal Challengers Bangalore, 24th IPL Kolkata 22-Apr-11 20:00 25th Mumbai Indians vs Chennai Super Kings, 25th IPL Mumbai 23-Apr-11 20:00 26th Delhi Daredevils vs Kings XI Punjab, 26th IPL Delhi 24-Apr-11 16:00 27th Deccan Chargers vs Mumbai Indians, 27th IPL Hyderabad 24-Apr-11 20:00 28th Rajasthan Royals vs Kochi Tuskers Kerala, 28th IPL Jaipur 25-Apr-11 20:00 29th Chennai Super Kings vs Pune Warriors, 29th IPL Chennai 26-Apr-11 20:00 30th Delhi Daredevils vs Royal Challengers Bangalore, 30th IPL Delhi 27-Apr-11 16:00 31st Pune Warriors vs Chennai Super Kings, 31st IPL Navi Mumbai 27-Apr-11 20:00 32nd Kochi Tuskers Kerala vs Deccan Chargers, 32nd IPL Kochi 28-Apr-11 20:00 33rd Delhi Daredevils vs Kolkata Knight Riders, 33rd IPL Delhi 29-Apr-11 16:00 34th Rajasthan Royals vs Mumbai Indians, 34th IPL Jaipur 29-Apr-11 20:00 35th Royal Challengers Bangalore vs Pune Warriors, 35th IPL Bangalore 30-Apr-11 16:00 36th Kochi Tuskers Kerala vs Delhi Daredevils, 36th IPL Kochi 30-Apr-11 20:00 37th Kolkata Knight Riders vs Kings XI Punjab, 37th IPL Kolkata 1-May-11 16:00 38th Rajasthan Royals vs Pune Warriors, 38th IPL Jaipur 1-May-11 20:00 39th Chennai Super Kings vs Deccan Chargers, 39th IPL Chennai 2-May-11 16:00 40th Mumbai Indians vs Kings XI Punjab, 40th IPL Mumbai 2-May-11 20:00 41st Delhi Daredevils vs Kochi Tuskers Kerala, 41st IPL Delhi 3-May-11 20:00 42nd Deccan Chargers vs Kolkata Knight Riders, 42nd IPL Hyderabad 4-May-11 16:00 43rd Chennai Super Kings vs Rajasthan Royals, 43rd IPL Chennai 4-May-11 20:00 44th Pune Warriors vs Mumbai Indians, 44th IPL Navi Mumbai 5-May-11 16:00 45th Kochi Tuskers Kerala vs Kolkata Knight Riders, 45th IPL Kochi 5-May-11 20:00 46th Deccan Chargers vs Delhi Daredevils, 46th IPL Hyderabad 6-May-11 20:00 47th Royal Challengers Bangalore vs Kings XI Punjab, 47th IPL Bangalore

IPL 4

21

7-May-11 16:00 48th Kolkata Knight Riders vs Chennai Super Kings, 48th IPL Kolkata 7-May-11 20:00 49th Mumbai Indians vs Delhi Daredevils, 49th IPL Mumbai 8-May-11 16:00 50th Royal Challengers Bangalore vs Kochi Tuskers Kerala, 50th IPL Bangalore 8-May-11 20:00 51st Kings XI Punjab vs Pune Warriors, 51st IPL Mohali 9-May-11 20:00 52nd Rajasthan Royals vs Chennai Super Kings, 52nd IPL Jaipur 10-May-11 16:00 53rd Deccan Chargers vs Pune Warriors, 53rd IPL Hyderabad 10-May-11 20:00 54th Kings XI Punjab vs Mumbai Indians, 54th IPL Mohali 11-May-11 20:00 55th Rajasthan Royals vs Royal Challengers Bangalore, 55th IPL Jaipur 12-May-11 20:00 56th Chennai Super Kings vs Delhi Daredevils, 56th IPL Chennai 13-May-11 20:00 57th Kochi Tuskers Kerala vs Kings XI Punjab, 57th IPL Indore 14-May-11 16:00 58th Royal Challengers Bangalore vs Kolkata Knight Riders, 58th IPL Bangalore 14-May-11 20:00 59th Mumbai Indians vs Deccan Chargers, 59th IPL Mumbai 15-May-11 20:00 60th Kings XI Punjab vs Delhi Daredevils, 60th IPL Dharmasala 15-May-11 20:00 61st Kochi Tuskers Kerala vs Rajasthan Royals, 61st IPL Indore 16-May-11 20:00 62nd Pune Warriors vs Deccan Chargers, 62nd IPL Navi Mumbai 17-May-11 20:00 63rd Kings XI Punjab vs Royal Challengers Bangalore, 63rd IPL Dharmasala 18-May-11 20:00 64th Chennai Super Kings vs Kochi Tuskers Kerala, 64th IPL Chennai 19-May-11 20:00 65th Pune Warriors vs Kolkata Knight Riders, 65th IPL Navi Mumbai 20-May-11 20:00 66th Mumbai Indians vs Rajasthan Royals, 66th IPL Mumbai 21-May-11 16:00 67th Kings XI Punjab vs Deccan Chargers, 67th IPL Dharmasala 21-May-11 20:00 68th Delhi Daredevils vs Pune Warriors, 68th IPL Delhi 22-May-11 16:00 69th Royal Challengers Bangalore vs Chennai Super Kings, 69th IPL Bangalore 22-May-11 20:00 70th Kolkata Knight Riders vs Mumbai Indians, 70th IPL Kolkata 24-May-11 20:00 71st TBC vs TBC, Qualifier 1 IPL Mumbai 25-May-11 20:00 72nd TBC vs TBC, Eliminator IPL Mumbai 27-May-11 20:00 73rd TBC vs TBC, Qualifier 2 IPL Chennai 28-May-11 20:00 Final TBC vs TBC, Final IPL Chennai

Source: PINC Research

RESEARCHRESEARCHRESEARCHRESEARCHRESEARCH

T E A MEQUITY DESKSadanand Raje Head - Institutional Sales sadanand.raje@pinc.co.in 91-22-6618 6366

Technical Analyst

Rajeev Gupta Equities rajeev.gupta@pinc.co.in 91-22-6618 6486Ankur Varman Equities ankur.varman@pinc.co.in 91-22-6618 6380Himanshu Varia Equities himanshu.varia@pinc.co.in 91-22-6618 6342Shailesh Kadam Derivatives shaileshk@pinc.co.in 91-22-6618 6349Ganesh Gokhale Derivatives ganeshg@pinc.co.in 91-22-6618 6347

Mehul Desai Head - Sales Trading mehul.desai@pinc.co.in 91-22-6618 6303Naresh Panjnani Co-Head - Sales Trading naresh.panjnani@pinc.co.in 91-22-6618 6333Amar Margaje amar.margaje@pinc.co.in 91-22-6618 6327Ashok Savla ashok.savla@pinc.co.in 91-22-6618 6321Sajjid Lala sajjid.lala@pinc.co.in 91-22-6618 6337Raju Bhavsar rajub@pinc.co.in 91-22-6618 6322Kinjal Mehta kinjal.mehta@pinc.co.in 91-22-6618 6333Chandani Bhatia chandani.bhatia@pinc.co.in 91-22-6618 6324Hasmukh D. Prajapati hasmukhp@pinc.co.in 91-22-6618 6325Kamlesh Purohit kamlesh.purohit@pinc.co.in 91-22-6618 6357

SALES

DEALING

RESEARCHVineet Hetamasaria, CFA Head of Research, Auto, Cement vineet.hetamasaria@pinc.co.in 91-22-6618 6388Nikhil Deshpande Auto, Auto Ancillary, Cement nikhil.deshpande@pinc.co.in 91-22-6618 6339Tasmai Anil Merchant Auto, Auto Ancillary, Cement tasmai.merchant@pinc.co.in 91-22-6618 6377Vinod Nair Construction, Power, Capital Goods vinod.nair@pinc.co.in 91-22-6618 6379Ankit Babel Capital Goods ankit.b@pinc.co.in 91-22-6618 6551Hitul Gutka Power hitul.gutka@pinc.co.in 91-22-6618 6410Subramaniam Yadav Construction subramaniam.yadav@pinc.co.in 91-22-6618 6371Madhura Joshi Power madhura.joshi@pinc.co.in 91-22-6618 6395Satish Mishra Fertiliser, Natural Gas, Engineering satish.mishra@pinc.co.in 91-22-6618 6488Urvashi Biyani Fertiliser, Natural Gas, Engineering urvashi.biyani@pinc.co.in 91-22-6618 6334Naveen Trivedi FMCG naveent@pinc.co.in 91-22-6618 6384Rohit Kumar Anand IT Services rohit.anand@pinc.co.in 91-22-6618 6372Namrata Sharma Media namrata.sharma@pinc.co.in 91-22-6618 6412Ronak Bakshi Media ronak.bakshi@pinc.co.in 91-22-6618 6411Bikash Bhalotia Metals, Mining bikash.bhalotia@pinc.co.in 91-22-6618 6387Harleen Babber Metals, Mining harleen.babber@pinc.co.in 91-22-6618 6389Dipti Vijaywargi Metals, Mining dipti.vijaywargi @pinc.co.in 91-22-6618 6393Sushant Dalmia, CFA Pharma sushant.dalmia@pinc.co.in 91-22-6618 6462Suman Memani Real Estate, Mid caps suman.memani@pinc.co.in 91-22-6618 6479Abhishek Kumar Real Estate, Mid caps abhishek.kumar@pinc.co.in 91-22-6618 6398C Krishnamurthy Technical Analyst krishnamurthy.c@pinc.co.in 91-22-6618 6747

SINGAPORE DESKAmul Shah amul.shah@sg.pinc.co.in 65-6327 0626

DIRECTORSGaurang Gandhi gaurangg@pinc.co.in 91-22-6618 6400Hemang Gandhi hemangg@pinc.co.in 91-22-6618 6400Ketan Gandhi ketang@pinc.co.in 91-22-6618 6400

COMPLIANCE

Rakesh Bhatia Head Compliance rakeshb@pinc.co.in 91-22-6618 6400

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