Mittal family-led consortium to acquire Rajasthan Royals in $1.65 billion deal

The Mittal family, led by Lakshmi N. Mittal and Aditya Mittal, is set to acquire a significant 75% stake in the Rajasthan Royals franchise. This deal, valued at approximately $1.65 billion, includes associated global teams. Adar Poonawalla will hold an 18% stake. The transaction is anticipated to conclude in the third quarter of 2026, pending necessary approvals.

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