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New owners for IPL franchise Rajasthan Royals after Kal Somani deal falls through
May 3, 2026
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Posted 1 hour ago by
Celebrated industrialist Lakshmi N.Mittal, his son Aditya Mittal and Adar Poonawalla have bought the major stake in the Rajasthan Royals franchise for USD 1.65 billion (approximately Rs 15,600 crore). This comes after the Kal Somani–Rob Walton–Sheila Ford Hamp consortium pulled out of the race.
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