New Delhi, Jan. 22 -- Business tycoon Adar Poonawalla has officially confirmed that he would be bidding to acquire the Indian Premier League (IPL) franchise Royal Challengers Bengaluru (RCB). RCB are the defending champions of IPL, having won the title for the first time last time. The development of RCB's sale came last year after the current owners, Diageo, the parent company of United Spirits Ltd. wanted to put the franchise in fresh hands.

Taking to X, Poonawalla, who is the CEO of Serum Institute of India and Chairman of Poonawalla Fincorp, confirmed his participation in the bidding process. "Over the next few months, will be putting in a STRONG and COMPETITIVE bid for @RCBTweets, one of the best teams in the IPL," the 45-year-old w...