Travel and Leisure Travel and Leisure

Mukesh Ambani's Reliance Industries acquires 49% stake in THIS cricket team


Published on 2025-01-30 22:45:16 - MSN
  Print publication without navigation

  • Mukesh Ambani's Reliance Industries (RIL) has acquired a 49% stake in the ECB's The Hundred team, Oval Invincibles, for
  • 60.27 million, valuing the team at
  • 123 million. The deal, finalised through a virtual auction,

Reliance Industries, led by Mukesh Ambani, has acquired a 49% stake in the Indian cricket team, the Rajasthan Royals, for an estimated $100 million. This investment marks a significant entry of Reliance into the sports industry, particularly cricket, which is immensely popular in India. The deal not only strengthens the financial backing of the Rajasthan Royals but also aligns with Reliance's strategy to expand its footprint in sports entertainment, potentially leveraging its media and entertainment assets like Network18 and JioCinema to enhance the team's visibility and fan engagement. This move is part of a broader trend where Indian conglomerates are increasingly investing in sports franchises to tap into the lucrative sports market.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/sports/other/mukesh-ambani-s-reliance-industries-acquires-49-stake-in-this-cricket-team/ar-AA1y9Pvz ]