Lakshmi Mittal Leads $1.65bn Bid to Acquire Rajasthan Royals IPL Team
ArchivedGlobal|3 articles|3 sources|3 blocks
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Reported Facts
Observable data points shared across all narratives
- •Lakshmi Mittal and a Poonawalla-led group agreed to buy a 75% stake in Rajasthan Royals for about ₹15,600 crore.
- •The previous deal with Somani to acquire the Rajasthan Royals franchise was unsuccessful.
- •The acquisition deal was announced on May 3, 2026.
- •The total bid value for the Rajasthan Royals franchise is approximately $1.65 billion.
What Could Happen If...
- ▸If the Mittal-Poonawalla group completes the acquisition successfully the Rajasthan Royals franchise could see increased investment and strategic changes affecting team management and IPL competition.
Key Actors
Source Coverage
CN
1 articles
AFRICA
More coverage on this story
- More on South Asia
- More on Rajasthan Royals
- More on Lakshmi Mittal
- More on Poonawalla
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Primary Sources (3)
CNChannel News AsiaLakshmi Mittal, Poonawalla-led group to buy IPL franchise for $1.65 billionAFRICABusiness Day (South Africa)Steel tycoon Lakshmi Mittal heads $1.65bn bid for IPL’s Rajasthan RoyalsFINANCEThe Hindu - BusinessMittal family buys 75% stake in Rajasthan Royals for about ₹15,600 crore; Somani deal falls through