Mittal family buys 75% stake in Rajasthan Royals for about ₹15,600 crore; Somani deal falls through
As per a release, the Mittal family will own approximately 75% of Rajasthan Royals, with Adar Poonawalla holding around 18%. File
| Photo Credit: ANI
Renowned industrialist Lakshmi N. Mittal and his son Aditya Mittal, along with Adar Poonawalla, have acquired a majority stake in Rajasthan Royals with a bid of $1.65 billion (approximately ₹15,600 crore) after the Kal Somani–Rob Walton–Sheila Ford Hamp consortium pulled out of the race.
The transaction consideration ($1.65 billion) represents the enterprise value of Rajasthan Royals’ men’s franchise, Paarl Royals and Barbados Royals.
Published – May 03, 2026 04:56 pm IST
