Conversation so far:
What is the Indian Premier League?
team.
How did this league form?
CANNOTANSWER.
What are some important things to know about this league?
They came second in the round-robin phase of the tournament, but lost their semi-final to the Chennai Super Kings.

Question: Can you tell me what happened after that?
Self-contained rewrite: Can you tell me what happened after Indian Premier League lost their semi-final to the Chennai Super Kings?