IPL bid made in personal capacity: Pawar

New Delhi, Jun 6: Union Minister Sharad Pawar reiterated that the IPL bid was made by one of the top official of the company in his personal capacity. He said that it was not on behalf of the firm.

Sharad pawar also said that the subsequent resolution of the board in March, which was 'binding', was relevant. He was responding about the reports that the board of the company, City Corporation, had authorised the bid on Jan 31.

He also said that the company had informed in that resolution that Anil Deshpande, the MD of the company could bid in his individual capacity and other shareholders would not be there.

"The concerned authorities were informed while giving the bid, that there could be some other partners along with Despande, if the bid was granted," he said.

OneIndia News