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Laxmi Mittals Rajasthan Royals deal sparks a shareholder feud in UK

Billionaire Lakshmi Mittal's acquisition of IPL franchise Rajasthan Royals has triggered a London lawsuit after minority shareholders alleged they are being forced to surrender shares worth about $50 million for just 1. The shareholders deny misconduct allegations by Emerging Media Ventures and seek to block the transfer of their stake pending the sale.

24 Jul 2026 3:49 pm