Mumbai Indians is owned by Indiawin Sports Pvt. Ltd., a subsidiary of Reliance Industries, one of India’s largest conglomerates.

Reliance Industries is set to expand its global footprint in cricket. They already own the Mumbai Indians side in IPL and WPL, MI New York (MLC), MI Cape Town (SA20) and MI Emirates (ILT20).

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

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,