VIVO will continue to be the IPL title sponsor for the next five years

Chinese mobile manufacturers VIVO have retained the title sponsorship rights of the Indian Premier League for the next five years [2018-2022]. VIVO bid for INR 2199 Crores, a 554% increase from their previous contract to stave off competition from other suitors.
The bids were held in Mumbai on Tuesday, where all the parties were present along with IPL chairman Rajiv Shukla and BCCI acting secretary Amitabh Choudhary.

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