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Kings required only four runs off the last six balls but Tyagi dismissed Nicholas Pooran (32) and Deepak Hooda (0) and gave away only one run to snatch the win for his team from the jaws of defeat.
The 20-year-old Rajasthan Royals pacer claimed two wickets and conceded just one run to single-handedly win the IPL match for his team.
Chasing a target of 155, Royals could manage only 121/6.
Another disappointing performance against RCB has dented their IPL playoff hopes.
Mumbai Indians' opener Ishan Kishan scored an unbeaten 50 off 25 balls to script a win in the 9th over against Rajasthan Royals.
Shivam Dube, Glenn Phillips, Akash Singh, David Miller and Mayank Markande have been included in the Rajasthan Royals' XI.
Hyderabad skipper Kane Williamson scored an unbeaten 51 and Jason Roy scored 60 to chase down a target of 165 runs.
The IPL 2021 resumes in the UAE on September 19.
Kundra is a former co-owner of IPL side Rajasthan Royals. Rahane has led Royals in the past.
Emerging Media and RedBird, which is founded by former Goldman Sachs Partner Gerry Cardinale, announced the stake acquisition in a joint statement on Thursday but did not disclose financial details of the transaction.
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