Mumbai, Sept. 2 -- The Board of Control for Cricket in India on Tuesday announced the release of the Invitation for Expression of Interest for National Team Lead Sponsor Rights.

In a statement, BCCI said, "The Board of Control for Cricket in India ("BCCI") invites bids from reputed entities for acquiring the National Team Lead Sponsor Rights. Accordingly, the BCCI is issuing an Invitation for Expression of Interest for National Team Lead Sponsor Rights ("IEOI"), which provides the detailed terms and conditions governing the submission and evaluation of bids. The IEOI will be made available on receipt of payment of a non-refundable fee of Rs 5,00,000 (Indian Rupees Five Lakh Only) plus any applicable Goods and Services Tax."

The bidders ...