The Property development company GMR Group successfully bought Delhi Daredevils for $84 Million. In 2018, GMR sold 50% stake in franchise to JWS sports for $77 Million. The franchise changed name from Delhi daredevils to Delhi capitals.
GMR Group is an infrastructural company. Grandhi Mallikarjuna Rao founded the company in 1978. The group has infrastructural operating assests and projects in Nepal, Indonesia, Singapore, Philippines and Greece.
JWS Group is largest business conglomerates of India. Sajjan Jindal led the group and the group has asests and projects in various sectors like Energy, Steel, Minerals, Cement, Ports and infrastructure in US, South America and Africa.