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Results for the bidding process of two new IPL teams are out.Sahara Group has won the bid for IPL Pune Team and Rendezvous Group has won the bid for IPL Kochi Team.Now both the groups are the official owners of their respective teams.From 2011 onwards total 10 teams will take part in the IPL Seasons.Sahara Group was the highest bidder with the bid of $370 million and Rendezvous Sports bid was of $333.33 million. Announcing the bid results, IPL chairman and commissioner Lalit Modi said the Sahara Group had the option of choosing from Ahmedabad, Nagpur and Pune as their home.Sahara group from Lucknow picked Pune as it host city. The consortium from Kerala, Rendezvous Group, decided on Kochi as its base. The eight franchisees who have been part of the IPL in the last three years are: Mumbai Indians, Delhi Daredevils, Kolkata Knight Riders, Royal Challengers Bangalore, Deccan Chargers, Chennai Super Kings, Rajasthan Royals and Kings XI Punjab.
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