Aditya Birla Group Joins Consortium to Bid for Rajasthan Royals Majority Stake

The Aditya Birla Group is collaborating with American sports investor David Blitzer's group to form a consortium bidding for a majority stake in the IPL franchise Rajasthan Royals. Aryaman Birla, son of Kumar Mangalam Birla and a former Rajasthan Royals cricketer, is leading discussions. The stake, currently held by entrepreneur Manoj Badale, is valued between $1 billion and $1.2 billion, with binding bids due by March 15. This marks Aditya Birla Group's entry into the sports league sector amid rising IPL team valuations.