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Lakshmi Mittal and Adar Poonawalla Acquire 93% Stake in Rajasthan Royals for ₹15,660 Crore
The mechanics of this deal are rooted in an aborted buyout by US-based investor Kal Somani, who was initially backed by heavy-hitters like Rob Walton and the Hamp family. When that $1.63 billion transaction fell through …