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New Delhi, May 3: Renowned industrialist Lakshmi N. Mittal and his son Aditya Mittal, along with Adar Poonawalla, have acquired a majority stake in Rajasthan Royals with a bid of USD 1.65 billion (approximately Rs 15,600 crore).
The transaction consideration (USD 1.65 billion) represents the enterprise value of Rajasthan Royals’ men’s franchise, Paarl Royals and Barbados Royals.
As per the release, the Mittal family will own approximately 75 per cent of Rajasthan Royals. (PTI)
