A guy who I work with reckons he read it in his dad's gujerati newspaper a few weeks back. According to the article, they are planning to invest stupid money (Man City levels) into a Premier League club.
By all accounts this Jain group are massive... Multi billion pound firm, largely involved in construction (equivalent of something like Westfield). Had something to do with the underwriting of Venky's ownership at Blackburn, as well as involvement in the IPL, Indian Grand Prix, Indian X Factor.
If there's even a shred of truth in this.....