Investment bank Nomura has been appointed as the sell-side advisor, with the transaction anticipated to commence in January-February 2026, as reported by Moneycontrol.
Sources suggest that the Mehta Group will offer only a minority stake to unlock value, in contrast to rival franchises Royal Challengers Bengaluru and Rajasthan Royals, which are pursuing majority stake sales. The exact number of shares and the intended valuation for KKR are yet to be disclosed at this time.
KKR was initially purchased for around $75 million in 2008. The franchise is majority-owned (55 percent) by Red Chillies Entertainment, while the Mehta Group holds the remaining 45 percent, and it has since evolved into one of the IPL’s most valuable assets.
KKR has not commented publicly, and responses from Red Chillies, Juhi Chawla, Jay Mehta, and Nomura were unavailable at the time of reporting.
