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,

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.

The winning bid reportedly values the franchise at 123 million pounds, meaning RIL will pay just over 60 million pounds for its 49 per cent stake.