New Delhi, May 3 (IANS) Former Indian Premier League (IPL) chairman Lalit Modi welcomed the acquisition of Rajasthan Royals by the Mittal family in partnership with Adar Poonawalla, saying the league could not have better owners than the two, calling them the “most savvy investors.”Lakshmi N. Mittal and Aditya Mittal on Sunday announced a definitive agreement has been reached to acquire the Rajasthan Royals, in partnership with Adar Poonawalla, from Manoj Badale and consortium. In addition to th…
Latest Lakshmi N. Mittal News & Updates
New Delhi, May 3 (IANS) Lakshmi N. Mittal and Aditya Mittal on Sunday announced a definitive agreement has been reached to acquire the Rajasthan Royals, in partnership with Adar Poonawalla, from Manoj Badale and consortium. Following completion, the Mittal Family will own approximately 75 per cent of Rajasthan Royals, with Adar Poonawalla holding approximately 18 per cent. The remaining approximately 7 per cent will be held by approved existing investors, including Manoj Badale. It is understood…