Tiger Global’s IPL Play: Investment firm to acquire stake in Rajasthan Royals
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Global tech-focussed investment major Tiger Global is reportedly in talks to invest around $40 Mn in the Indian Premier League (IPL) team Rajasthan Royals, deepening its foray into India’s sporting economy. Tiger Global is looking to invest in Rajasthan Royals at a valuation of $650 Mn, people aware of the development told the Economic Times. As per the report, the deal is nearly complete.