Adani becomes fourth Indian group to acquire franchise in UAE's T20 League

Daily Current Affairs / Adani becomes fourth Indian group to acquire franchise in UAE's T20 League

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Category : Business and economics Published on: May 23 2022

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Adani Sportsline, a subsidiary of the Adani group, has acquired the rights to own and operate a franchise in the six-member UAE T20 League.
With this, it becomes the fourth Indian group after Reliance Industries (RIL), GMR group and Capri Global, a non-banking financial company based in Mumbai, to own teams in the Indian Premier League (IPL)-style tournament that is likely to commence in June.
This will be the first major move overseas by Adani Sportsline that will "connect and engage with global fans" from across the cricketing nations.

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Adani becomes fourth Indian group to acquire franchise in UAE's T20 League