The Competition Commission of India (CCI) has approved the acquisition of 100% shareholding of Royal Challengers Sports Pvt. Ltd. by a consortium comprising Big Banyan Holdings, Bolt IPL Holdings, Times Internet, and others.
The acquirers, including Big Banyan and Bolt, are newly incorporated entities aiming to engage in sports franchise ownership and management. Times Internet has a diverse business presence in digital news and event management.
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