Sahara will be the title sponsors of the newly introduced 12-team BCCI Corporate Trophy which will start in four centres on September 1.
Four matches are scheduled on the opening day of the tournament for the Sahara Corporate Trophy at Mohali (Group A), Vishakhapatnam (Group B), Dharamsala (Group C) and Bangalore (Group D).
Three teams make up each group and the winners of each pool would enter the semi finals to be held on September 5 and 6 at Bangalore and Mohali.
Nimbus Communications is the media partner for the event and three preliminary matches, the two semi finals and the final would be shown live on Neo Sport, BCCI secretary N Srinivasan said in a statement on Saturday.
The winners of the September 8 final at Bangalore are to receive Rs 1 crore as prize money while the runners-up would get Rs 50 lakh.
The man of the series would pocket Rs two lakh and the man of the match Rs 50,000, the release added.