Rajasthan Royals begins play to sell majority stake

The franchise has engaged Raine Group to manage the process and has begun reaching out to potential buyers. IPL's ecosystem value is pegged between $10 and 18 billion by different brand valuation firms.A minority stake sale in the Jaipur-based franchise nearly five years ago had then valued the team at about $250 million. Gujarat Titans, in which Torrent Group recently took a majority stake, was valued at about Rs 7,500 crore.People tracking the development said the franchise has already received several e ...