The Mittal Family will own approximately 75 percent of the franchise, with Adar Poonawala holding 18 percent and existing investors, including Manoj Badale, holding the remaining 7 percent. The deal is expected to conclude in the third quarter of 2026. mchezo.life
Mittal Family and Poonawala Acquire Rajasthan Royals
A consortium led by Lakshmi N. Mittal and Adar Poonawala has acquired the IPL franchise Rajasthan Royals and its sister entities for approximately $1.65 billion.
