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    Question

    Which of the following became the first Indian company

    to buy UAE’s T20 League franchise?
    A Adani Group Correct Answer Incorrect Answer
    B Reliance Group Correct Answer Incorrect Answer
    C GMR group Correct Answer Incorrect Answer
    D Capri Global Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Adani Sportsline, a subsidiary of the Adani group, has acquired the rights to own and operate a franchise in the six-member UAE T20 League. Adani became the fourth Indian group after Reliance Industries (RIL), GMR group and Capri Global, a non-banking financial company (NBFC), to own teams in the Indian Premier League. RIL subsidiary Reliance Strategic Business Ventures had acquired the UAE T20 League franchise rights in November 2021. GMR and Capri Global had bagged the team rights in February and March, respectively. Adani will be the fifth franchise owner of the UAE T20 league, marking its first major foray into cricket overseas. Last year, the group had bid for the Lucknow and Ahmedabad franchises at IPL. But it lost out to the RP Sanjiv Goenka group and CVC Capital Partners.

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