Laxmi Mittal’s Rajasthan Royals deal sparks a shareholder feud in UK
- Posted on July 24, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
A high-stakes corporate dispute has erupted in London following billionaire Lakshmi Mittal's acquisition of the Rajasthan Royals IPL franchise. Minority shareholders are challenging the transaction, contending they face significant financial losses as their stakes—valued at approximately $50 million—are being acquired for merely £1. The legal battle centers on allegations of unfair treatment and shareholder rights violations, with parties seeking injunctions to halt the transfer pending resolution.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Laxmi Mittal’s Rajasthan Royals deal sparks a shareholder feud in UK
Billionaire Lakshmi Mittal's acquisition of IPL franchise Rajasthan Royals has triggered a London lawsuit after minority shareholders alleged they are being forced to surrender shares worth about $50 million for just £1. The shareholders deny misconduct allegations by Emerging Media Ventures and seek to block the transfer of their stake pending the sale.
