Rajasthan Royals players celebrates the wicket of Nitish Rana of Delhi Capitals during Match 43 of the TATA Indian Premier League 2026 between Rajasthan Royals and Delhi Capitals at Sawai Mansingh Stadium, Jaipur, India, on May 1, 2026. (CREIMAS) UK-based Indian billionaire Lakshmi Mittal, along with Adar Poonawala of the Serum Institute of India, has acquired a stake in the IPL franchise Rajasthan Royals in a deal worth $1.65 billion, approximately Rs 15,660 crore. The Mittal family, Poonawala and Manoj Badale, the current principal owner of RR, have formed a new consortium that will own Paarl Royals and Barbados Royals, two other franchises that are part of the SA20 and the Caribbean Premier League respectively. RR , one of the eight franchises that has been part of the IPL since 2008, was bought by Badale for $67 million. The Mittals have presence in other sporting ventures like the NBA’s Bolton Celtics as well as English football club Queens Park Rangers.…