IPL media bid winners in bank guarantee talks

HDFC Bank, ICICI Bank NSE 1.16 % and State Bank of India NSE 1.12 % (SBI NSE 1.12 %), three of the country’s most valued financiers, are among the lenders likely helping Reliance-owned Viacom18 to furnish bank guarantees for the recently won digital media rights of the Indian Premier League (IPL). BNP Paribas NSE 2.82 % and Deutsche Bank are among the foreign lenders likely offering the same facility to Disney-Star that won the television broadcasting rights, banking industry sources told ET.

Walt Disney-controlled Star and Viacom18 won packages A and B, respectively, in the just concluded round of rights auctions that valued the cricket league as the world’s second richest sporting event.