Preity Zinta Files Restraining Order Against Mohit Burman: A major controversy has emerged in the Punjab Kings (PBKS) franchise ahead of IPL 2025. Team co-owner and Bollywood actress Preity Zinta has filed a petition in the court against the franchise’s largest shareholder Mohit Burman. Preity has obtained a restraining order against Mohit Burman from the state High Court, seeking a stay on Burman’s attempt to sell his stake.
Will Mohit Burman sell his 11.5 percent stake in the franchise?
Mohit Burman has a major stake of 48 percent in KPH Dream Cricket Private Limited, the parent company of Punjab Kings. According to recent reports, Burman is planning to sell his 11.5 percent stake to a third party. Selling shares is a common business process, but there is an internal agreement among franchise partners that the stake should be given to the existing partners first. According to a Cricbuzz report, Mohit Burman has denied plans to sell his stake. He said, “I have no plans to sell my stake.”
Preity Zinta took legal action in this matter
However, Preity Zinta has taken legal action in this matter and the case will be heard in the court on August 20. At present, there has been no response from other partners on this dispute.
According to The Tribune report, Preity Zinta said in her petition that Burman has the largest stake in the team and is also included in the Board of Directors. She has filed this petition under Section 9 of the Arbitration and Conciliation Act-1996 and has sought interim measures and guidelines.
What is the value of 11.5 percent stake in Punjab Kings?
The value of Punjab Kings’ 11.5 percent stake is being estimated between Rs 540 and 600 crore. The value of every team in IPL is quite high. Punjab Kings has not yet won the IPL title. The team has not even reached the playoffs for the last decade.
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