Industrialist Lakshmi N. Mittal, his son Aditya, and Adar Poonawalla have acquired a majority stake in Rajasthan Royals for USD 1.65 billion. This deal, valued at approximately Rs 15,600 crore, includes associated teams Paarl Royals and Barbados Royals. The transaction is pending regulatory approvals and is expected to conclude by Q3 2026.
A consortium led by Lakshmi N Mittal, Aditya Mittal and Adar Poonawala has acquired the IPL franchise Rajasthan Royals along with sister entities Paarl Royals and Barbados Royals for approximately $1.65 billion. The Mittal family will own 75%, Poonawala 18% and existing investors approximately 7%, with the deal expected to close in Q3 2026 after regulatory approvals from BCCI and CCI.
A consortium led by Lakshmi N. Mittal, Aditya Mittal, and Adar Poonawalla has acquired the IPL franchise Rajasthan Royals along with sister entities Paarl Royals and Barbados Royals for approximately $1.65 billion. The Mittal family will own 75%, Poonawala 18%, and existing investors approximately 7%. The deal requires regulatory approvals from BCCI, CCI, and IPL Governing Council, expected to conclude in Q3 2026.
