CCI approves $1.78 billion acquisition of Royal Challengers Sports by Aditya Birla Group-led consortium
India's Competition Commission approved a $1.78 billion deal for an Aditya Birla Group-led consortium, including The Times of India, Bolt IPL Holdings, ICONIQ, and Blackstone, to acquire Royal Challengers Sports, owner of the RCB IPL and WPL franchises. Aryaman Vikram Birla will chair the franchise, with Satyan Gajwani as vice-chairman.