A consortium led by steel tycoon Lakshmi Mittal's family and Adar Poonawalla, CEO of Serum Institute of India, bought Rajasthan Royals (RR) for $1.65 billion (around ₹15,660 crore). The Mittal family will hold 75% stake, Adar Poonawalla will own 18%, while the remaining 7% stays with existing owners, including the current lead owner Manoj Badale.