Adani becomes fourth Indian group to acquire franchise in UAE's T20 League

Follows RIL, GMR group and Capri Global; tournament likely to be launched in June

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, it said on Monday. With this, it becomes the fourth Indian group after Reliance Industries (RIL), GMR group and Capri Global, a non-banking financial company based in Mumbai, to own teams in the Indian Premier League (IPL)-style tournament that is likely to commence in June.

RIL subsidiary Reliance Strategic Business Ventures