Who acquired the Rajasthan Royals franchise?

The Rajasthan Royals franchise was acquired by a consortium led by steel magnate Lakshmi Mittal, with Adar Poonawalla and Manoj Badale also being part of the group.

What is the value of the Rajasthan Royals acquisition?

The acquisition of the Rajasthan Royals franchise by Lakshmi Mittal's consortium was valued at $1.65 billion, approximately INR 15,660 crore.

Which original IPL team did Lakshmi Mittal's consortium buy?

Lakshmi Mittal's consortium purchased the Rajasthan Royals, which is one of the original eight teams of the Indian Premier League (IPL).

Home / Business and Economy / Steel Magnate Mittal Buys Rajasthan Royals

Steel Magnate Mittal Buys Rajasthan Royals

3 May

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Summary

Lakshmi Mittal's consortium acquired the Jaipur franchise.
The deal for Rajasthan Royals was valued at $1.65 billion.
Adar Poonawalla is part of the group buying the IPL team.

Steel Magnate Mittal Buys Rajasthan Royals

Steel magnate Lakshmi Mittal, based in the UK, has announced a major acquisition in the Indian Premier League (IPL). Mittal's consortium has finalized an agreement to purchase the Rajasthan Royals, a franchise that was among the league's original eight teams.

The deal, valued at $1.65 billion (approximately INR 15,660 crore), sees Adar Poonawalla of the Serum Institute of India as a key partner. Current lead owner Manoj Badale is also part of the acquiring group.

This significant transaction highlights the substantial financial interest in India's premier T20 cricket competition. The acquisition by Mittal's group is a notable development for the IPL.

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