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The brand value of Indian Premier League (IPL) has jumped 7 percent to USD 6.8 billion in 2019, with the value of the Mumbai and Chennai franchisees rising the fastest, says a report. However, the Shahrukh Khan-co-owned Kolkata franchise, along with embattled Vijay Mallya's Bengaluru franchise saw an 8 percent decline in their valuations, Duff & Phelps, a consultancy, said in the report Thursday. The Board of Cricket Control in India launched the premier T20 cricketing league in 2008 with eight teams owned by corporates. Following its success, two more teams were created later but the number is down to eight again. The Mukesh Ambani-owned Mumbai Indians, the winner of four editions, saw an 8.5 percent increase in valuation to Rs 809 crore--making it the most valued team, while the India Cements-owned Chennai Super Kings' value shot up 13.1 percent to Rs 732 crore. The Jindals-co-owned Delhi Capitals saw it value increasing 8.9 percent to Rs 374 crore in the reporting