The development comes days after Kolkata-based corporate giant RP Sanjiv Goenka Group won the bid for the Lucknow IPL franchise for a record sum of Rs 7,090 crore.
Goenka was also happy to get Lucknow as the home base as RPSG group has business interests in the state of Uttar Pradesh.
The BCCI had a windfall of close to USD 2 billion with Kolkata-based RPSG Group and international equity investment firm CVC Capital winning the bid for Lucknow and Ahmedabad franchises respectively.
The IPL's first season was played in 2008, and ever since, the league has grown in stature and it is one of the most viewed competitions in the world.
The BCCI is also allowing a consortium of up to three companies/individuals to bid for a franchise.
'Why didn't Invesco make its plans public earlier? Does good corporate governance only apply to corporates and not their institutional investors?,' Goenka said in a statement.
Zee board rejects Invesco's request for convening EGM to discuss issues including removal of Managing Director
At its meeting held on Friday, the company's board rejected the minority shareholders' demand and termed the requisition as 'invalid and illegal'.
In a letter dated on 23 September to ZEEL board, Invesco again sought its EGM call, citing a Zee disclosure to stock exchanges about a non-binding term sheet that was signed with Sony Corp.
Sony Pictures Networks India said that the merger would bring together two leading Indian media network businesses, benefitting consumers throughout India.
Goenka said that in the company's annual report that most companies would have deferred launches of new products in such a weak market.
In his tweet, the chief minister thanked Goenka for allaying the apprehensions over Kerala’s ease-of-doing business.
Pinarayi Vijayan thanks Harsh Goenka for comment supporting Kerala government's ease of doing business
Chief Minister Pinarayi Vijayan's statement comes days after the Kerala-based KITEX group announced that it was withdrawing from the Rs 3,500 crore investment project alleging harassment.
Around 20-25 students of a leading Gurgaon school had a narrow escape when a frenzied mob protesting the release of Bollywood film 'Padmaavat' attacked their bus.