Chennai, March 21: Sahara Group and Rendezvous Sports, a consortium of business houses, pipped three other corporate biggies to win the bids for two new Indian Premier League teams from the next season.
Sahara Adventure Sports Group was the highest bidder at $370 million (Rs.1,702 crore) and bagged Pune as the host city. Kerala-based consortium Rendezvous Sports bid $333.33 million (Rs.1.333.33 crore) to get Kochi as the other franchisee to make the IPL a 10-team affair from 2011.
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