The parent company of IPL's Mumbai Indians has purchased a 49% stake in the defending The Hundred Champs Oval Invincibles

The owners of Indian Premier League giants Mumbai Indians have agreed a deal to buy a stake in Oval Invincibles in a landmark moment for English cricket. Reliance Industries Limited, owned by India’s richest family,

Indias Ambani family has sealed a landmark agreement to become the first external shareholder in one of English crickets eight Hundred franchises; Watch The Hundred live this summer on Sky Sports Cric

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

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.

Surrey-based team become first to be sold off in ECB equity sale, as giants of IPL secure winning bid | ESPN.co.uk