The consortium of Aditya Birla Group, The Times of India Group, Bolt Ventures and Blackstone’s perpetual private equity strategy stepped in to become the joint owner of the Royal Challengers Bengaluru (RCB) in IPL. Together, they have agreed to acquire the franchise in a transaction pegged at USD 1.78 billion (approximately INR 16,706 crore). With that, RCB is set to become the most expensive T20 franchise in history.
