Indian Premier League is a cricket tournament being organised by the Board of Control for Cricket in India (BCCI) and backed by the International Cricket Council (ICC). For the inaugural tournament held in Apr-Jun 2008, the BCCI had finalised a list of 8 teams who will be participating in the tournament. The teams representing 8 different cities of India, including Bangalore, were put up on auction in Mumbai on 20 February 2008 and the Bangalore team was won by Vijay Mallya, who paid US$111.6 million for it. This was the second highest bid for a team in the IPL, next only to Mukesh Ambani's Reliance Industries' bid of $111.9 million for the Mumbai team. Bollywood actresses Katrina Kaif and Deepika Padukone, and Sandalwood film stars Ramya and Puneeth Rajkumar are the brand ambassadors of the team.