Who is Kal Somani, the entrepreneur whose consortium bought Rajasthan Royals for Rs 15K crore?

In a major ownership change in Rajasthan Royals, the franchise is set to be sold to a US-based Kal Somani-led consortium for a huge sum of  USD 1.63 billion (approx Rs 15,290 crore). The Somani consortium beat other contenders, the Times Internet-led consortium, the Aditya Birla Group and the Mittal family led by ArcelorMittal CEO Aditya Mittal to acquire 100% ownership of the franchise. This makes RR the most expensive IPL franchise, going past the Sajiv Goenka-led RP‑SG Group, which paid Rs 7,090 crore to buy Lucknow Super Giants.

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