Size of bids for new IPL teams surprises all, even Modi

The Sahara group won the bid for IPL franchise Pune on Sunday. Giving reasons for their choice of city, Abhijit Sarkar, corporate

The second bid was for $333.33 million (Rs 1,533 crore) from a consortium of investors under Rendezvous Sports who opted for Kochi as their base camp. “It would suffice at this point of time to let you know that we are a group of investors passionate about cricket.

“Some are from Kerala, some from other parts of India and some from abroad. I would not like to reveal too many details at this point of time,” said Vivek Venugopal, a builder from Kerala and one of the investors in the state. However, it is learnt that the group also includes Anchor Switches, Rosy Blue Diamond , Mukesh Patel, and Ravi and Sanjay Gaikwad.

Anchor Switches is a company from Gujarat owned by Mehul Shah. Rosy Blue Diamond is one of the world’s largest diamond manufacturing companies. Dilip Mehta is the CEO of this company, which owns jewellry brand ‘Orra’ . Ravi and Sanjay Gaikwad are Mumbai-based businessmen. Sanjay Gaikwad is the CEO of UFO Moviez while Mukesh Patel is an education baron who runs technology, management and engineering institutions. 

Source : http://economictimes.indiatimes.com/news/news-by-industry/et-cetera/Size-of-bids-for-new-IPL-teams-surprises-all-even-Modi/articleshow/5710355.cms