IPL: Mittal Family, Adar Poonawala acquire RR for approx $1.65 billion

A consortium led by Lakshmi Mittal, Aditya Mittal, and Adar Poonawala has acquired the IPL franchise Rajasthan Royals and its sister entities for approximately $1.65 billion. The deal is expected to conclude in Q3 2026 with the Mittal family holding a majority stake.