Surrey County Cricket Club will retain a 51 per cent majority stake after selling the remaining 49 per cent of their Hundred side Oval Invincibles to the Mumbai Indians owners, Reliance Industries Limited (RIL).

IPL giants Mumbai Indians owners Reliance Industries Limited has expanded their roster by securing a 49% stake in the London-based Hundred franchise, the franchise has announced. They have now seven franchises across continents.

Reliance Industries Limited (RIL), owners of Mumbai Indians (MI), through its subsidiary, RISE Worldwide, on Monday announced its successful bid to partner with the London-based Oval Invincibles, a franchise in England and Wales Cricket Board's (ECB) The Hundred.

The stake buy will take RIL-led Mumbai Indians' overall tally of teams in both men’s and women’s cricket to seven, spanning 4 continents and 5 countries

Mumbai Indians owners Reliance Industries Limited (RIL) are set to buy a 49% stake in Oval Invincibles after winning a virtual auction on Thursday afternoon. RIL will enter into a period of exclusivity which will see them negotiate agreements with Surrey, the ECB and their financial advisors before completing the purchase.

India's Ambani family has sealed a landmark agreement to become the first external shareholder in one of English cricket's eight Hundred franchises, Sky News can exclusively reveal.

Mumbai Indians (MI), one of the most successful IPL teams, has invested heavily in England's 100-ball cricket league, The Hundred. Reliance Industries Limited (RIL), MI's parent company, announced on February 10 that it has acquired a 49% stake in London-based club Oval Invincibles.

Surrey have confirmed that they will be retaining their majority stake in Oval Invincibles, as they begin their period of exclusive negotiations with Reliance Industries Limited (RIL), the owners of Mumbai Indians,