A venture backed by Ambani has won the digital rights to air the Indian Premier League (IPL), one of the world’s most valuable sports properties.
Disney-owned Star India, meanwhile, has retained the TV rights with a bid of about 236 billion rupees ($3.02 billion), Shah added. Both deals run until 2027.
“Since its inception, the IPL has been synonymous with growth and today is a red-letter day for India Cricket, ” Shah said on Twitter.
“IPL is now the second most valued sporting league in the world in terms of per match value,” he added.
Reliance declined to comment.