The winners of its Corporate Trophy will bag Rs 10 million in prize money while the runners-up will get Rs 5 million, Board of Control for Cricket in India (BCCI) announced in Mumbai on Monday.
Twelve teams will be divided in four groups of three each and the league matches will be played in Mohali, Visakhapatnam, Dharamsala and Bangalore on September 1-3. Mohali will host the first semi-final on September 5 while Bangalore will host the second semi-final on September 6 and the final on September 8.
"All international players employed with the participating teams will figure in the event. Each side will be permitted to include two 'scholarship' players from the under-19 age-group," BCCI secretary N Srinivasan said in a statement.
Group A (Mohali): Indian Revenue, ITC and Air India (Blue)
Group B (Visakhapatnam): BPCL, MRF and ONGC
GrOUP C (Dharamsala): All-India Public Sector Sports Promotion Board, TATAS, Indian Oil
Group D (Bangalore): Air India (Red), India Cements, BSNL