RPSG shares rocket 20% after RCB's Rs 16,600 crore deal lifts valuation benchmark for IPL teams

The According to Nuvama Institutional Equities, the $1.8 billion RCB transaction sets a new high-water mark for The brokerage noted that this reflects a sharp re-rating of IPL assets, with franchise valuations rising nearly 25 times since inception in 2008, driven by strong global investor interest, including private equity funds and US-based sports owners. Nuvama added that the deal establishes a strong benchmark for the sector and points to potential upside for other listed franchise owners such as Sun T ...