New Delhi, March 26 (IANS) Former owner of Royal Challengers Bengaluru (RCB) Vijay Mallya reacted to the franchise’s record-breaking sale after a consortium, led by Aditya Birla Group, completed the acquisition of the franchise for Rs 16,660 crore and said it’s gratifying to see his Rs 450 crore investment has grown exponentially over the years”. Bolt Ventures (Bolt) and Blackstone’s perpetual private equity strategy (BXPE, Blackstone) are the other members of the consortium that have jointly bo…
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New Delhi, March 25 (IANS) Aryaman Vikram Birla will become the new chairman of the Royal Challengers Bengaluru after a consortium led by the Aditya Birla Group and Times Internet Limited acquired the defending Indian Premier League (IPL) and Women’s Premier League champions for Rs 16,660 crore. Bolt Ventures (Bolt) and Blackstone’s perpetual private equity strategy (BXPE, Blackstone) are the other members of the consortium that have jointly bought the RCB, one of the eight original franchises o…
New Delhi, March 24 (IANS) A consortium led by Aditya Birla Group and the Times of India Group has acquired the defending Indian Premier League (IPL) champions Royal Challengers Bengaluru (RCB) for USD 1.78 billion (Rs 16,725 crore approx), a news report claimed on Tuesday.Bolt Ventures (Bolt) and Blackstone’s perpetual private equity strategy (BXPE, Blackstone) are the other members of the consortium that have jointly bought the Royal Challengers Bengaluru, one of the eight original franchises …
Mumbai, March 24 (IANS) A consortium led by Aditya Birla Group and the Times Internet Limited has acquired the defending Indian Premier League (IPL) and Women’s Premier League champions Royal Challengers Bengaluru (RCB) for INR 16,660 crore, the owners of the franchise informed regulatory bodies on Tuesday.United Spirits Ltd, the owners of the franchise, made this disclosure in mandatory regulatory filings with the Bombay Stock Exchange and the National Stock Exchange of India on Tuesday.Bolt Ve…