Lakshmi Mittal and Poonawala seal $1.65bn deal to buy Rajasthan Royals
NEW DELHI, May 4 -- A consortium led by steel billionaire Lakshmi Mittal and vaccine tycoon Adar Poonawalla has agreed to acquire IPL franchise Rajasthan Royals in a deal valuing the team at $1.65 billion, a statement said. Mittal will hold about 75% of the franchise along with his family, while Poonawalla is set to own around 18%, statement issued by the consortium said. P14...
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