A consortium of Lakshmi Niwas Mittal, Aditya Mittal and Adar Poonawalla has acquired Rajasthan Royals for approximately $1.65 billion (around ₹15,660 crore). The deal comes after the earlier sale to a Kal Somani-led US-based consortium fell through amid funding shortfalls and regulatory hurdles. The Mittal family will now own around 75% of the franchise, while Poonawalla will hold about 18%.