Rajasthan Royals sells equity stake to Raj Kundra and Shilpa Shetty
Rajasthan Royals, Champions of the inaugural Indian Premier League in 2008 today announced selling an equity stake to London based entrepreneur Raj Kundra and his partner, well known Bollywood celebrity, Shilpa Shetty.
Raj Kundra, a UK-based NRI entrepreneur, has picked up 11% stake in Rajasthan Royals, the Jaipur franchisee of the Indian Premier League, for about $15.4 million, valuing the team at $140 million.