Markets◆ Mixed
Lakshmi Mittal family, Adar Poonawalla secures CCI nod to buy Rajasthan Royals & 2 other teams
CCI is in focus.
· Business Today Mkts
The acquisition covers the wider Royals franchise network rather than the IPL team alone. The acquisition was announced earlier this year at an enterprise value of about $1.65 billion (approximately ₹1,58,38.63 crore).
The analysis
CCI reported ₹1,58,38.63 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- With CCI involved, this carries a regulatory dimension that can outlast the immediate market reaction.