Tag
The Mittal family has bought a 75% controlling stake in IPL franchise Rajasthan Royals for around ₹15,600 crore, implying a total team valuation of roughly ₹20,800 crore. The deal ends an earlier agreement with the Somani family and places Lakshmi N.
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.
Laxmi Mittal's family has joined a consortium acquiring a stake in Rajasthan Royals, alongside Aadar Poonawala and existing principal owner Manoj Badale. The move reflects rising IPL franchise valuations and a trend toward high-profile multi-investor ownership structures.
Tag
The Mittal family has bought a 75% controlling stake in IPL franchise Rajasthan Royals for around ₹15,600 crore, implying a total team valuation of roughly ₹20,800 crore. The deal ends an earlier agreement with the Somani family and places Lakshmi N.
1mo ago · 2 min · Business
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.
1mo ago · 2 min · Business
Laxmi Mittal's family has joined a consortium acquiring a stake in Rajasthan Royals, alongside Aadar Poonawala and existing principal owner Manoj Badale. The move reflects rising IPL franchise valuations and a trend toward high-profile multi-investor ownership structures.
1mo ago · 2 min · Business
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