Sahara Group was the highest bidder at $370 million to bag Pune and Rendezvous Sports bid $333.33 million to get Kochi as the two new franchisees to make the Indian Premier League (IPL) a 10-team affair from the 2011 season.
Announcing the bid results here, Sahara Group had the option of choosing from Ahmedabad, Nagpur and Pune as their home. The corporate from Lucknow picked Pune as it host city.
The consortium from Kerala, Rendezvous Group, decided on Kochi as its base.
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