India, Jan. 22 -- Adar Poonawalla, owner of the vaccine maker Serum Institute, officially confirmed on Thursday that he will be putting in a "strong and competitive bid" for Indian Premier League team Royal Challengers Bengaluru over the next few months.

"Over the next few months, will be putting in a STRONG and COMPETITIVE bid for @RCBTweets, one of the best teams in the IPL," Poonawalla said on his official X account.

This official confirmation came after speculation began in September that he is one of the frontrunners to acquire the franchise after exiled former IPL chairman Lalit Modi tweeted about the possibility of Diageo India - RCB's current owners - deciding to put the franchise up for sale.

Among his other ventures, Poonawal...