The winners of its Corporate Trophy will bag Rs.10 million in prize money while the runners-up will get Rs.5 million.

The Board of Control for Cricket in India (BCCI) announced this prize-money 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 Sep 1-3.

Mohali will host the first semi-final Sep 5 while Bangalore will host the second semi-final (Sep 6) and the final (Sep 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.

Teams:

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