New Delhi, : A consortium led by steel billionaire Lakshmi Mittal and vaccine tycoon Adar Poonawalla has agreed to acquire Indian Premier League franchise Rajasthan Royals in a deal valuing the team at $1.65 billion, a statement said.Mittal will hold about 75% of the franchise along with his family, while Poonawalla is set to own around 18%, the statement issued by the consortium said. Existing investors, including Manoj Badale, will retain about a 7% stake.
