The Bengaluru-based Indian Premier League (IPL) team seeks a one-time payment for the franchise. (Photo Source: X) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Billionaire Adar Poonawalla, the chief executive officer of Serum Institute of India, on Wednesday said that the Royal Challengers Bangalore (RCB) is a "great team at the right valuation". This comes amid speculations that he is in talks to buy the RCB franchise, along with other bidders.

People in the know told NDTV Profit on Tuesday that the negotiations are still ongoing. The Bengaluru-based Indian Premier League (IPL) team seeks a one-time payment for the franchise, they added.

It should be noted that Poonawalla's interest in RCB aligns with his diversification plans.

However, United Spirits Ltd., the cu

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