Indian Premier League franchise Rajasthan Royals has been acquired by the Mittal Family for Rs. 15,660.23 crore (USD 1.65 billion), the team announced through a statement on Sunday.
“Lakshmi N. Mittal and Aditya Mittal today announce that a definitive agreement has been reached to acquire the Rajasthan Royals, in partnership with Adar Poonawalla, from Manoj Badale and consortium,” the team said in a statement.
“The transaction consideration is approximately USD 1.65 billion and represents the enterprise value of Rajasthan Royals’ men’s franchise, Paarl Royals and Barbados Royals. Completion is subject to customary closing conditions, including approvals from the BCCI, the CCI, the IPL Governing Council and other applicable regulatory authorities, and is expected to occur in Q3 2026.’
More to follow.
Published on May 03, 2026