IPL Ownership

Lakshmi Mittal Acquires Majority Stake in Rajasthan Royals Amid IPL 2026 Season

Lakshmi Mittal Acquires Majority Stake in Rajasthan Royals Amid IPL 2026 Season

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May 3, 2026

Steel magnate joins hands with Adar Poonawalla to purchase the inaugural IPL champions in a deal valued at Rs 15,660 crore, while existing owner Manoj Badale retains a minority share.