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Lakshmi Mittal

Steady2 stories2 sourcesLast updated: 5/3/2026
Related Topicsrajasthan royalsiplcricketacquisitionadar poonawallaaditya mittalserum institutearcelormittal

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Mittal-Poonawala Consortium Acquires Rajasthan Royals for $1.65 Billion
Developing
Business·5/3/2026AI summary

Mittal-Poonawala Consortium Acquires Rajasthan Royals for $1.65 Billion

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.

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Times of India
Mittal-Poonawalla Consortium Acquires Rajasthan Royals for $1.65 Billion
Urgent
Business·5/3/2026AI summary

Mittal-Poonawalla Consortium Acquires Rajasthan Royals for $1.65 Billion

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.

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TOI Sports