Surrey have confirmed that they will remain majority owners of the Hundred franchise Oval Invincibles after taking investment from super-rich Indian family the Ambanis. The family, through Reliance Industries Limited,

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).

Mumbai Indians (MI), one of the most successful IPL teams, has invested heavily in England's 100-ball cricket league, The Hundred. Reliance Industries Limited (RIL), MI's parent company, announced on February 10 that it has acquired a 49% stake in London-based club Oval Invincibles.

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 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,