Reliance Industries Limited, owned by India's wealthiest Ambani family, has acquired a 49% stake in the England's The Hundred side, Oval Invincibles. The group already owns the Mumbai Indians franchise in the IPL,

The bidding for the Oval Invincibles stake was intense, with the Ambani finally outbidding CVC Capital Partners and a consortium of Silicon Valley CEOs, including Sundar Pichai and Satya Nadella. The acquisition makes them influential players in one of the most valuable franchises in 'Hundred' competition.

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

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

The Ambani family, which also own the Mumbai Indians franchise in IPL, will take a 49% holding in Oval Invincibles, according to a person familiar with the matter.

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,

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