In a groundbreaking transaction that highlights the soaring valuation of Indian cricket, the Royal Challengers Bengaluru (RCB), reigning IPL champions, have been sold to a consortium led by Aditya Birla Group (ABG) for a record Rs 16,660 crore (USD 1.78 billion). This historic deal is the most expensive franchise acquisition in the history of the Indian Premier League (IPL). The consortium, which is spearheaded by ABG’s Kumar Mangalam Birla, also includes The Times of India Group