Adar Poonawalla in race to acquire IPL team RCB

ADAR POONAWALLA, OWNER of the vaccine maker Serum Institute, is reportedly considering the acquisition of the Bengaluru-based Indian Premier League team, Royal Challengers Bangalore (RCB).

- GEETA NAIR

Sources indicate that the billionaire is evaluating the potential deal, and discussions are ongoing. However, valuation expectations for RCB are regarded as high, and negotiations are currently in progress. No final decision has been made by Poonawalla regarding the deal.