Rajasthan Royals sold for $1.65B to Mittal-Poonawalla consortium
- Posted on May 3, 2026
- By Business News Today
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- 1 min read
Rajasthan Royals sold for $1.65B to Mittal-Poonawalla consortium
A consortium led by the Mittal family and including Adar Poonawalla will acquire Rajasthan Royals for $1.65 billion. The Mittal family will hold a majority stake. This deal follows a previous failed sale. The transaction includes overseas franchises. Approvals are pending, with closure expected in the third quarter of 2026. New investors will join the board.
