Raj Kundra claims he spent Rs 82 crore on IPL team as 'Valentine's Day gift' for wife Shilpa Shetty; reveals team now worth Rs 16,000 crore

Raj Kundra revealed he bought Rajasthan Royals in 2009 as a Valentine's Day gift for Shilpa Shetty, spending Rs 81.9 crore for an 11.7% stake, now valued at Rs 16,000 crore. He called it IPL's largest single cheque investment then. Kundra was later banned for betting allegations in 2015, though he maintains his innocence.

Raj Kundra claims he spent Rs 82 crore on IPL team as 'Valentine's Day gift' for wife Shilpa Shetty; reveals team now worth Rs 16,000 crore
Raj Kundra revealed he bought Rajasthan Royals in 2009 as a Valentine's Day gift for Shilpa Shetty, spending Rs 81.9 crore for an 11.7% stake, now valued at Rs 16,000 crore. He called it IPL's largest single cheque investment then. Kundra was later banned for betting allegations in 2015, though he maintains his innocence.