The USD 11 billion steel and power conglomerate JSW has put on hold plans to acquire an IPL cricket team in the wake of betting scandal hitting the star-studded cricketing league.
Sajjan Jindal-led JSW was reportedly in talks with Diageo to buy United Spirits' stake in Royal Challengers Bangalore.
"As the JSW Group Chairman said we are interested in acquiring an IPL team9, we are still interested in it, but the events in the past two days have forced us to wait and watch the situation and then take a decision after things are clear," JSW Sports CEO Mustafa Ghouse told PTI.
He added that the situation is "too fluid" for a company to take decision and it is better to "wait and watch" how the situation unfolds in order to take any concrete decisions.
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