Reliance Industries Limited, owners of Mumbai Indians, acquired a 49% stake in London’s Oval Invincibles for around £61 million. The move positions MI as influential in English cricket governance. The highest anticipated bid is for The London Spirit franchise,

The Ambani family, which also own the Mumbai Indians franchise in IPL, will take a 49% holding in Oval Invincibles, according to a person familiar with the matter.

Mukesh Ambani's Reliance Industries (RIL) has made a major foray into English cricket by acquiring a 49 per cent stake in the Oval Invincibles, a franchise in The Hundred, for GBP 60.27 million. The deal values the team at GBP 123 million and strengthens Ambani’s growing presence in global cricket.

Mumbai Indians owners bag 49% stake in Oval Invincibles Reliance Industries Limited (RIL), the owners of the franchise in the Indian Premier League (IPL), have successfully acquired a 49 percent stake in the Oval Invincibles,

The billionaire Ambani family won the bidding battle for a stake in the Oval Invincibles cricket team in London, after interest from private equity firms and Silicon Valley executives.

Mukesh Ambani’s Reliance Industries (RIL) has acquired a 49% stake in the ECB's The Hundred team, Oval Invincibles, for £60.27 million, valuing the team at £123 million. The deal, finalised through a virtual auction,