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Mittal Family and Adar Poonawalla Acquire Rajasthan Royals Cricket Team

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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…