India, July 1 -- The Government of India has issued a release:
The Competition Commission of India (CCI) has approved the acquisition of 100% shareholding of Royal Challengers Sports Private Ltd. by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, Times Internet, Times Cricket, ICQ Opportunities, Asia Investment Topco II and others.
The proposed combination relates to acquisition of 100% shareholding collectively by (i) Big Banyan Holdings Pte. Ltd. (Big Banyan); (ii) Bolt IPL Holdings LLC (Bolt); (iii) Times Internet Limited (TIL); (iv) Times Cricket LLP (Times LLP); (v) ICQ Opportunities RC Holdco, Ltd. (ICQ); (vi) Asia Investment Topco II Pte. Ltd. (Topco) (collectively the 'Acquirers') in Royal Challengers Sports Privat...