Rajasthan Royals bid: Somani-Walton group that lost questions fairness of process

Lakshmi Mittal and Aditya Mittal, alongside Adar Poonawalla, have acquired the IPL franchise Rajasthan Royals (RR) for $1.65 billion. The Mittal family will have about 75% ownership and Poonawalla will have 18% while existing investors including Manoj Badale will retain the remaining 7%.