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,

Mumbai Indians owners buy 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,

Mumbai Indians' winning bid at The Hundred reportedly values the franchise at 123 million pounds, meaning RIL will pay the Oval Invincibles just over 60 million pounds for its 49% stake

Oval Invincibles have become the first Hundred franchise to see a 49 per cent stake sold, with India's Ambani family the winning bidders.

RIL, the owner of Mumbai Indians, has entered an exclusivity period to finalise agreements with Surrey, the England and Wales Cricket Board (ECB), and financial advisors before completing the purchase.

Mumbai Indians owners, Reliance Industries Limited are on the verge of owning a 49% stake in Surrey-based team, Oval Invincibles. They won the virtual bidding war on Thursday. CVC Capitals, which owns Gujarat Titans,

Mumbai Indians' owners have bought a massive stake in the Oval Invincible franchise, which competes in The Hundred cricket tournament.