Reliance Industries through its subsidiary -- Reliance Strategic Business Ventures (RSBVL) is all set to acquire the rights to own and operate a new franchise cricket team in the Emirates Cricket Board’s (ECB's) upcoming UAE T20 League. The move is the first major overseas expansion of Reliance Industries' cricket operations in the global franchise-based cricket leagues.
The company owns Mumbai Indians and is one of the eight founding members of the Indian Premier League (IPL). The company's cricket business will now include these two cricket clubs in addition to its other cricket related initiatives like sponsorship, consultancy, broadcast and talent management.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
