Rajasthan Royals sold for $1.65 billion to Mittal family, Adar Poonawalla after Kal Somani's deal collapse

Rajasthan Royals have been acquired by a consortium for $1.65 billion. The UK-based Mittal family will own 75% stakes, while Adar Poonawalla will own 18%. Manoj Badale will lead a group of investors holding 7% stakes.