Why Indian businessmen are buying cricketing franchises abroad6 min read . Updated: 14 Mar 2016, 12:54 AM IST
For a start, there's visibility, and plenty of it
New Delhi: On 11 February, State Bank of India (SBI) put on auction one of Vijay Mallya’s properties—the Kingfisher House in Mumbai—by placing an ad in a leading national business daily as part of efforts to recover a part of the ₹ 6,963 crore owed by the defunct Kingfisher Airlines (KFA). SBI is the largest lender to KFA with an exposure of ₹ 1,600 crore.
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