The owners of IPL side Kolkata Knight Riders have bought a stake in Caribbean Premier League franchise Trinidad & Tobago Red Steel. It is the first instance of an IPL franchise investing in an overseas Twenty20 league.
http://www.espncricinfo.com/caribbean-premier-league-2015/content/story/885765.html
http://www.espncricinfo.com/caribbean-premier-league-2015/content/story/885765.html