Tata is all set to replace Vivo as the Indian Premier League (IPL) sponsor. The decision was taken in the IPL Governing Council meeting of the IPL on Tuesday (January 11), according to a Cricbuzz report.
The development was confirmed by IPL chairman Brijesh Patel.
"Vivo has exited and the Tatas will be title sponsors," the IPL chairman confirmed.
The GC has also approved the Letter of Intent that will be issued to Ahmedabad and Lucknow franchises. "The GC has approved the CVC acquisition of the Ahmedabad team and we will issue the LoI today (January 11)," Patel further said.
Vivo has two years left in its deal with the cash-rich league and Tata will be the main sponsor.