Bollywood actress Shilpa Shetty and her boyfriend Raj Kundra inked a deal with IPL franchise Rajasthan Royals owners Emerging Media group.

Though the details of the deal are not yet known but according to sources, Shilpa and Kundra will have an 11 per cent stake in Rajasthan Royals. Shilpa will also be the brand ambassasor of the defending champions of the Twenty20 tournament.

After Preity Zinta, Shah Rukh Khan and Juhi Chawla, Shilpa is the fourth Bollywood name to be associated with the cash-rich event. While Preity owns Kings XI Punjab with beau Ness Wadia, Shah Rukh and Juhi are the owners of Kolkata Kinght Riders.