Safe road trips are the most memorable!
Road trips are super fun, especially when they are adventurous and SAFE!
IPL: Lucknow and Ahmedabad announced as two new teams with RPSG, CVC Capital Partners making winning bids
The bidding took place at the Taj Hotel in Dubai on Monday and it is the RP-Sanjiv Goenka Group (RPSG) (Lucknow) and CVC Capital Partners (Ahmedabad) who will join the cash-rich league as the new owners.
The business conglomerate Sanjiv Goenka’s RPSG group won the bid for Lucknow in the Indian Premier League with an offer in excess of $932 million while the private equity firm, Irelia Company Pte Ltd. (CVC Capital Partners), will own Ahmedabad after making a bid of more than $692 million.
Private equity firm CVC Capital Partners made their way into Indian cricket after winning the bid for the Ahmedabad IPL franchise for an amount of Rs 5625 crores.