Reliance Acquires 49% Stake in Oval Invincibles Ltd for GBP 60.27 Million
Reliance Strategic Business Ventures Ltd acquires 49% stake in Oval Invincibles Ltd for GBP 60.27 million. Teams to be known as MI London from 2026.
The acquisition represents a strategic expansion for Reliance into sports franchise ownership, potentially enhancing brand visibility and revenue streams. This is a notable but not transformative event.
The announcement details a successful acquisition and partnership, which is generally viewed positively. The company is expanding its sports franchise.
* Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited, has acquired a 49% shareholding in Oval Invincibles Limited from England and Wales Cricket Board (ECB). * The acquisition consideration is GBP 60.27 million (₹631.52 Crore approximately). * Oval Invincibles was incorporated in England and Wales on 10 May 2019. * From 2026, both men’s and women’s teams will be known as MI London. * Turnover for Oval Invincibles for the year ended 31 January 2025 was GBP 2,331,613. * Mrs. Nita M. Ambani mentioned that they are delighted to welcome MI London into the #OneFamily and take the MI legacy to new frontiers.
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Reliance Industries Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Reliance Industries Limited. Read the original for the full detail.