Private equity wants to play the IPL
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On Monday evening, we had auctions for two new franchises participating in the latest edition of the Indian Premier League (IPL). And one surprise bidder — a private equity firm CVC Capital Partners paid Rs 5,625 crores to snag Ahmedabad in a hotly contested auction. But why are private equity investors interested in the IPL? Why are they putting up this kind of money? Well, in today’s episode for 29th October 2021, we explain this and more.
