Lakshmi Mittal, Poonawalla-led group to buy IPL franchise for $1.65 billion - Reuters

<a href="https://news.google.com/rss/articles/CBMitwFBVV95cUxNNi1sN1d1dUlFRHNlQVo3YXR3Q2NkOW9hM1Rya2M5UjFWYnZFOHFkak13RDFPRzRSX3NNUlVBY2tsU3VpNTNWZ2k2dS1sYXNlY0dLcDRtQmJHNFZmWkxJSzZlSTNUdXRlNDBsYm8xTUhaRW1TcHUtN0ZoTmtlUkZaai1qNEF0T3liTTZ4Zmg4eWNycnVKT2JVbV9Hc3dwZWFEaEN5MVplTzk5NlVIZ1gtb0x5Y1dlTnM?oc=5" target="_blank">Lakshmi Mittal, Poonawalla-led group to buy IPL franchise for $1.65 billion</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Lakshmi N. Mittal and Aditya Mittal, in partnership with Adar Poonawalla, have acquired the Rajasthan Royals IPL franchise for $1.65 billion. The Mittal family will own approximately 75% of the franchise, with Poonawalla holding approximately 18%. The deal is expected to conclude in Q3 2026, pending regulatory approvals.

A consortium led by Lakshmi N. Mittal, Aditya Mittal, and Adar Poonawala has acquired the Rajasthan Royals IPL franchise and its sister entities for approximately $1.65 billion. The deal is expected to conclude in the third quarter of 2026, pending regulatory approvals.

Lakshmi N. Mittal and Aditya Mittal, in partnership with Adar Poonawalla, have agreed to acquire over 90% stake in Rajasthan Royals for $1.65 billion. The Mittal family will own approximately 75% of the franchise, with Poonawalla holding 18%. The deal is subject to regulatory approvals and is expected to conclude in Q3 2026.

A consortium of Lakshmi N. Mittal, Aditya Mittal, and Adar Poonawalla has acquired the Rajasthan Royals IPL franchise for approximately $1.65 billion. The deal also includes the Royals’ other global franchises, including Paarl Royals in South Africa and Barbados Royals in the Caribbean.

A consortium led by the Mittal family and including Adar Poonawalla is set to acquire a significant 75% stake in the Rajasthan Royals franchise for $1.65 billion. The deal includes associated global teams and is expected to conclude in Q3 2026, pending necessary approvals.