Mittal family buys 75% stake in Rajasthan Royals for about ₹15,600 crore; Somani deal falls through

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As per a release, the Mittal household volition ain astir 75% of Rajasthan Royals, with Adar Poonawalla holding astir 18%. File | Photo Credit: ANI

Renowned industrialist Lakshmi N. Mittal and his lad Aditya Mittal, on with Adar Poonawalla, person acquired a bulk stake successful Rajasthan Royals with a bid of $1.65 cardinal (approximately ₹15,600 crore) aft the Kal Somani–Rob Walton–Sheila Ford Hamp consortium pulled retired of the race.

The transaction information ($1.65 billion) represents the endeavor worth of Rajasthan Royals’ men’s franchise, Paarl Royals and Barbados Royals.

Published - May 03, 2026 04:56 p.m. IST

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