Raj Kundra revealed he bought Rajasthan Royals in 2009 as a Valentine's Day gift for Shilpa Shetty, spending Rs 81.9 crore for an 11.7% stake, now valued at Rs 16,000 crore. He called it IPL's largest single cheque investment then.
Kundra was later banned for betting allegations in 2015, though he maintains his innocence.
This story was reported by The Times of India. Read the full coverage at The Times of India.
