Reliance Strategic Business Ventures (RSBVL) invested $5 million in Indiawin Sports Middle East, says RBI data.
Incorporated in UAE, Indiawin Sports Middle East Limited owns the MI Emirates .
RSBVL is a subsidiary of Reliance Industries.
The ILT20 has been established by Emirates Cricket Board.
Three out of five teams in the ILT20 are owned by IPL franchises.
RSBVL has also invested $6.246 million in Indian Mumbai Indians.
India Mumbai Indians Pvt Ltd owns the Cape Town franchise in SA20.
