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Lakshmi Mittal, Adar Poonawalla Seal $1.65 Billion Rajasthan Royals IPL Deal

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Lakshmi Mittal, Adar Poonawalla Seal $1.65 Billion Rajasthan Royals IPL Deal

By AFP News May 04, 2026 • 16:03 PM View: 561

Indian steel magnate Lakshmi N Mittal and family, alongside vaccine billionaire Adar Poonawalla, have struck a $1.65 billion deal for Indian Premier League franchise Rajasthan Royals, a joint statement said on Sunday.

The IPL is the world's richest cricket tournament and mixes sport and show business in a glitzy format. It is broadcast around the world and features top international stars, with some teams fronted by Bollywood superstars.

TAGS Lakshmi Mittal Adar Poonawalla Rajasthan Royals IPL Deal Indian Premier League IPL Franchise Valuation

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