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, owners of Mumbai Indians, have announced a partnership with the Oval Invincibles of The Hundred league. This marks a strategic expansion of the Mumbai Indians, enhancing their global cricket footprint,

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.

Indias Ambani family has sealed a landmark agreement to become the first external shareholder in one of English crickets eight Hundred franchises; Watch The Hundred live this summer on Sky Sports Cric

Mumbai Indians (MI), owned by Reliance Industries Limited (RIL), have expanded their global cricket footprint by partnering with London-based franchise Oval Invincibles in England and Wales Cricket Board’s (ECB) The Hundred.

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).