RR co-owners propose internal share transfer worth 26 million dollars

Emerging Media Sporting Holding – the parent company that owns Rajasthan Royals – has proposed to the BCCI that it wishes to transact an internal sale of shares between existing stakeholders. Emerging Media has offered to buy the 13.4% stake from Kelowna Investment Ltd, a Nigeria-based company run by Indian businessman Suresh Chellaram.