CCI clears Aditya Birla-led consortium’s ₹16,660 crore buyout of IPL team RCB
Fair trade regulator Competition Commission of India (CCI) on Tuesday (June 30, 2026) cleared the acquisition of IPL franchise Royal Challengers Bangalore by a consortium
Fair trade regulator Competition Commission of India (CCI) on Tuesday (June 30, 2026) cleared the acquisition of IPL franchise Royal Challengers Bangalore by a consortium of Aditya Birla Group, The Times of India Group, Bolt Ventures and Blackstone in a ₹16,660-crore all-cash deal.
Also read | Vijay Mallya takes swipe at critics who laughed at his investment in RCB as ‘vanity project’ In March this year, United Spirits Ltd (USL) announced the sale of IPL franchise Royal Challengers Bangalore (RCB) in a ₹16,660-crore all-cash deal to the consortium.
The CCI said it has approved the proposed deal. "CCI approves acquisition of 100% shareholding of Royal Challengers Sports by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, Times Internet, Times Cricket, ICQ Opportunities, Asia Investment Topco II and others," the regulator said in a post on X.
Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
The BriefWire