GENERAL18 Sept 2026
CCI clears Lakshmi Mittal family, Poonawalla's purchase of Rajasthan Royals
The Competition Commission of India has cleared the purchase of Rajasthan Royals, along with Paarl Royals and Barbados Royals, by the Lakshmi Mittal family and Adar Poonawalla. The deal is worth about $1.65 billion. CCI approval matters because large acquisitions need its clearance before they can go ahead. If you are planning a big merger or stake purchase, check whether you need CCI approval first.
Key Statutory Highlights
- Westview Cricket Ltd and Poonawalla Sports and Fitness Pvt Ltd will buy Rajasthan Royals (India), Paarl Royals (South Africa) and Barbados Royals (Barbados).
- The transaction value is around $1.65 billion.
- Westview Cricket is registered in the UK and owned by the Lakshmi Mittal family, while Poonawalla Sports is owned by Adar Cyrus Poonawalla.
Actionable Advice for Taxpayers / Founders:If your business is planning a merger, acquisition or stake purchase, speak to a professional early to check whether the deal crosses the CCI approval threshold before you sign anything.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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