CCI Nod for Rajasthan Royals, Paarl Royals, Barbados Royals Deal
Why in the news
India’s competition regulator, the CCI, gave the green signal for a multi-team cricket franchise takeover.
Key facts
- Regulator: Competition Commission of India (CCI).
- Franchises: Rajasthan Royals, Paarl Royals and Barbados Royals, in different T20 leagues.
- Acquirers: Westview Cricket Limited along with Poonawalla Sports and Fitness Private Limited.
- Value reported: about USD 1.65 billion, equal to ₹15,600 crore.
Exam angle
- Approval body: CCI, which reviews acquisitions and mergers.
- Related terms: franchise, T20 league, acquisition.
- Deal size: USD 1.65 billion (₹15,600 crore).