Aditya Birla Group, The Times of India (publishers of The Economic Times), Bolt Ventures and a Blackstone fund, acting in a consortium, acquired current champions RCB for $1.78 billion. United Spirits, a subsidiary of Diageo, exited the franchise.
Mumbai: Shares of companies that own Indian Premier League (IPL) teams surged up to 20% on Wednesday after Royal Challengers Bangalore (RCB) got new owners in a 16,660-crore deal, boosting the market… [+1967 chars]
