Tiger Global looking to invest $40 million in Rajasthan Royals: Report

New York-based investment firm Tiger Global is looking to acquire a stake in Indian Premier League's franchise Rajasthan Royals, The Economic Times reported. Tiger is mulling investing $40 million in Rajasthan Royals, which would value the franchise at $650 million. The parent company of Rajasthan Royals, Emerging Media, is owned by UK-based businessman Manoj Badale.