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Business
CCI Approves Lakshmi Mittal-Poonawalla Stake Purchase in Rajasthan Royals
✍️ The Economic Times
🗓 18 Sep 2026, 02:19 AM
👁 8
The Competition Commission of India has cleared the acquisition of a stake in IPL franchise Rajasthan Royals by Lakshmi Mittal and Poonawalla.
The Competition Commission of India (CCI) has granted approval for the proposed stake purchase in the Rajasthan Royals, an Indian Premier League team. The clearance removes a key regulatory hurdle for the transaction involving industrialist Lakshmi Mittal and Poonawalla.
The approval indicates that the deal does not raise competition concerns under Indian antitrust law. Both parties can now proceed with completing the share transfer as per their agreement.
No further details about the size of the stake or financial terms have been disclosed in the CCI order. The development is being watched by investors and sports business observers.
The approval indicates that the deal does not raise competition concerns under Indian antitrust law. Both parties can now proceed with completing the share transfer as per their agreement.
No further details about the size of the stake or financial terms have been disclosed in the CCI order. The development is being watched by investors and sports business observers.