The acquisition aims to strengthen its business in the global sports arena.
Its business revenues grew 13% in Q1 FY23 despite its free-to-air Hindi GEC going off DD FreeDish.
Pankaj Mohan Pawar will take over as the managing director of the company from 27 June.
Vodafone Idea lost 1.56 million wireless subscribers during the same period.
The value of digital non-exclusive games reaches Rs 18.5 crore per match.