Expanding its international footprint in cricket, Reliance Industries Ltd on Wednesday said it will acquire a franchise in Cricket South Africa's upcoming T20 league.
"Based in Cape Town the new franchise will take forward the Mumbai Indians brand and comes close on the heels of acquiring the UAE-based International League T-20 team," the firm said in a statement.
Reliance, the owner of the Mumbai Indians IPL franchise, had previously announced that it will own one of the teams in the UAE T20 League.
The firm has played a crucial role in evolving the sports ecosystem through ownership of cricket franchises, football league in India, sports sponsorship, consultancy, and athlete talent management, and bringing in industry best practices.