CCI clears RCB parent acquisition, approves three other transactions
New Delhi, July 1 -- The Competition Commission of India (CCI) on Wednesday approved four separate deals, including the proposed acquisition of Indian Premier League (IPL) franchise Royal Challengers Bengaluru's parent company, investments in fintech firm KreditBee, a highways infrastructure investment trust (InvIT) transaction, and a stake acquisition in Nippon Life India AIF Management.
In a statement released by CCI, the competition regulator said it has cleared the acquisition of 100 per cent shareholding of Royal Challengers Sports Private Limited (RCSPL) by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, Times Internet, Times Cricket, ICQ Opportunities, Asia Investment Topco II and other investors.
"The Competition...
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