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The full text of the BCCI and Sahara's joint media statement, issued after the two parties had reached a truce.
Date: 16 February 2012
Joint Media Statement
BCCI and Sahara have had extensive discussions over the past few days and are happy to confirm the following:
BCCI took note of the various requests of Sahara and has agreed to the following:
1. To extend the trading window, which was due to close on Friday 17 February, until Wednesday 29 February 2012 to give Pune Warriors India the opportunity to have successful negotiations with other franchises as it looks to strengthen its squad.
2. Re-activation of the Auction Purse of Pune Warriors India so that it can take a number of players, subject to the squad composition regulations.
3. BCCI and Sahara agree to start the arbitration proceedings initiated by Sahara through appointment of an arbitrator to address Sahara's claim for a reduction in franchise fee for 74 matches.
