Economy
CCI Clears Mittal Family and Adar Poonawalla to Acquire Three Cricket Franchises
The Hindu1h
THE BRIEF
1
The Competition Commission of India approved the acquisition of the Rajasthan Royals and two other cricket teams by Lakshmi N. Mittal, Aditya Mittal, and Adar Poonawalla.
2
Westview Cricket Ltd and Poonawalla Sports and Fitness Pvt Ltd are purchasing the Rajasthan Royals in India, Paarl Royals in South Africa, and Barbados Royals.
3
The transaction value for the acquisition of these three professional cricket franchises is approximately $1.65 billion.