Bollywood actress Shilpa Shetty and Dubai-based businessman Raj Kundra have picked up 12 per cent stake worth over USD 11.6 million in the Rajasthan Royals franchise team that won the inaugural 2008 season of the Indian Premier League.

"It's a strategic business investment. I always support the underdogs as I am myself one. Rajasthan Royals were the underdogs in IPL before they succeeded (in winning the title)", Shetty told a media conference today.