JSW Group to acquire RCB?

Sajjan Jindal JSW Steel chairman Sajjan Jindal is reported to have confirmed that his group is acquiring an IPL side but stopped short of naming it amid a speculation that the team could be Royal Challengers Bangalore owned by liquor baron Vijay Mallya. “Cricket is the number one sport in our country so there is an idea to acquire a team-an IPL team. But, I cannot comment which team would be,“ said Sajjan Jindal, chairman and managing Director of JSW Steel Ltd, in Ahmedabad. “Moneywise I don’t think that is the issue because, the idea is that we want to take some credible team so that we can promote sports,“ Jindal told reporters. On a specific question of whether the steel giant will indeed buy RCB, Jindal neither denied nor confirmed it, saying “That depends on them.”