Reliance Industries Limited — Important, 10-02-2025: Updates

Mumbai Indians (MI), owned by Reliance Industries Limited through its subsidiary RISE Worldwide, has successfully bid to partner with London-based Oval Invincibles, a franchise in The Hundred. This partnership means MI will have seven cricket teams across four continents and five countries. MI has solidified its status as a global cricket powerhouse, with the men’s team being reigning champions and women's team a strong contender in the league. The transaction involves a 49% shareholding in Oval Invincibles, subject to customary diligence.

Nita M. Ambani emphasized the passion that cricket brings to diverse cultures and expressed excitement about expanding the MI fanbase internationally. Akash M. Ambani pointed out the significance of having the iconic Oval as their home venue and the collaborative efforts with Surrey CCC for enhancing team performance. This strategic tie-up presents opportunities for growth in MI’s cricketing footprint, reflecting a positive outlook for both franchises moving forward.