Mittal Family, Poonawalla Buy Rajasthan Royals for Rs 15,660 Crore
The Mittal family and Adar Poonawalla have acquired Rajasthan Royals for Rs 15,660 crore, with the Mittals holding ~75% and Poonawalla ~18%. The deal sets a new valuation benchmark for IPL franchises and signals continued strong investor appetite for T20 cricket assets.