Acquisition of IPL franchise, Royal Challengers Bangalore, has been approved by CCI. File photo: X/@RCBTweets
Fair trade regulator Competition Commission of India (CCI) on Tuesday (June 30, 2026) cleared the acquisition of IPL franchise Royal Challengers Bangalore by a consortium of Aditya Birla Group, The Times of India Group, Bolt Ventures and Blackstone in a ₹16,660-crore all-cash deal.
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In March this year, United Spirits Ltd (USL) announced the sale of IPL franchise Royal Challengers Bangalore (RCB) in a ₹16,660-crore all-cash deal to the consortium.
The CCI said it has approved the proposed deal.
“CCI approves acquisition of 100% shareholding of Royal Challengers Sports by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, Times Internet, Times Cricket, ICQ Opportunities, Asia Investment Topco II and others,” the regulator said in a post on X.
Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
Published – June 30, 2026 08:07 pm IST
