He was chairman of CSK, held posts in several organisations Director and Chairman of Chennai Super Kings Cricket Ltd. L. Sabaretnam passed away in Chennai on Sunday morning. He was 80 and is survived by two sons and two daughters.
The cremation was held in the afternoon, a family member said.
Subaretnam was advisor for India Cements and director and CEO of Coromandel Sugars and was also the director, ICL Financial Services Ltd., director, ICL Shipping Ltd., director, Coromandel Electric Company Ltd., director, ICL Securities Ltd. and also the director, Biosynth Life Sciences India Ltd.
For long, Sabaretnam served in Chettinad Cement Corporation and was also its executive director. He was at the helm of leading industry bodies.
CSK Chairman Sabaretnam passes away
By Mansoor| Published: 25th April 2021 8:05 pm IST Chennai Super Kings (CSK) Chairman and Director L. Sabaretnam
Chennai: Chennai Super Kings Chairman and Director L. Sabaretnam passed away here on Sunday following a massive heart attack. He was 80.
Survived by two daughters and two sons, he headed the Chettinad Cement Corporation and was an independent Director on the board of Indian Oil Corporation and Chennai Petroleum Corporation Ltd.
He was President of Madras Chamber Of Commerce and Industry and was also associated with the Bharatiya Vidya Bhavan.
He joined as a consultant of India Cements Ltd before taking over the reins of the Chennai Super Kings Cricket, the CSK.
Lockdown triggers first casualty in corporate bond market
There were only two bids in the range of 5.6-5.7 percent, with offers to own Rs 100-150 crore.
Synopsis
This is the first corporate bond casualty in the second wave of the viral surge, underscoring investor apprehension about the economic costs of the curbs and their impact on an economy that was lately trying to clamber out of the sinkhole.
MUMBAI /NEW DELHI: Top-rated Chennai Petroleum Corporation (CPCL), a subsidiary of Indian Oil Corp., Thursday withdrew the sale of its corporate bonds after investors demanded a higher rate due to the likely shrinkage in refinery margins and auto-fuel consumption in light of the localized mobility curbs.
Chennai Petroleum Corporation Ltd Board to consider FY21 results & Dividend on April 28, 2021 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Energy stocks edge higher business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.