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Mittal family and Poonawalla eye 75 percent control of Rajasthan Royals in 1.65 billion deal
Sports
Published on 3 May 2026
A new media empire and overseas teams are folded in
The Mittal family and Adar Poonawalla are set to acquire a controlling 75% stake in the Rajasthan Royals in a deal valuing the IPL franchise at about $1.65 billion. The transaction also brings ownership of associated teams in South Africa and the Caribbean, and is expected to close in the third quarter of 2026.
- Mittal family and Adar Poonawalla target a 75% controlling stake
- Deal values Rajasthan Royals at roughly $1.65 billion
- Associated teams in South Africa and the Caribbean are included
- Transaction expected to close in Q3 2026
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times