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.

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).

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).

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

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.

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,