‘IPL in safest hands’: Lalit Modi backs Mittal-Poonawalla takeover of Rajasthan Royals
- Posted on May 3, 2026
- By Business News Today
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- 1 min read
‘IPL in safest hands’: Lalit Modi backs Mittal-Poonawalla takeover of Rajasthan Royals
The Mittal family, in partnership with Adar Poonawalla, is set to acquire a controlling stake in Rajasthan Royals. This significant deal values the franchise at around $1.65 billion. The acquisition includes the team's global footprint. Existing investors will retain a small stake. The transaction is expected to close in the third quarter of 2026, pending regulatory approvals.
