stake

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Rajasthan Royals sell minority stake

By ⋅ February 3, 2009 ⋅ One comment

Rajasthan Royals, the reigning IPL champions, have sold a 11.7% stake in their franchise for approximately US$15.4 million to Shilpa Shetty, the Bollywood actress, and her partner Raj Kundra, a UK-based businessman. That puts the valuation of the franchise at around $140 million, more than double the $67 million the owners, Emerging Media, paid for [...]

Banker buys stake in Mumbai Indians

By ⋅ November 18, 2008 ⋅ Post a comment

Economic Times reports that Anshu Jain, head of global markets at Deutsche Bank, has bought a minority stake in Mumbai Indians, the Indian Premier League (IPL) cricket team owned by Reliance Industries chairman Mukesh Ambani.
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KKR may pick 47% in Deccan Chargers

By ⋅ November 4, 2008 ⋅ Post a comment

Deccan Chargers—the Hyderabad franchisee of the Indian Premier League (IPL)—is learnt to be in final stages of discussions with KKR, the New York-based PE fund, for divesting a significant minority stake. It is leant that KKR has submitted a term sheet for picking about 47% stake in the team at a pre-money valuation of $20 [...]

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