Mittal

Competition Commission has approved the acquisition of Rajasthan Royals (India) and two other professional cricket franchises by industrialist Lakshmi N. Mittal and his son Aditya Mittal, along with Adar Poonawalla. Westview Cricket Ltd and Poonawalla Sports and Fitness Pvt Ltd will be buying Rajasthan Royals (India), Paarl Royals (South Africa) and Barbados Royals (Barbados). Competition Commission of India (CCI) has approved the acquisition, an official release said on Thursday. The transaction value is around USD 1.65 billion. Westview Cricket, a company registered in the UK, is owned by Lakshmi Mittal family while Poonawalla Sports is owned by Adar Cyrus Poonawalla. EM Sporting Holdings Ltd (EMSH), a private company incorporated in Mauritius, is the holding company for Royal Multisport Pvt Ltd (RMPL), Paarl Royals Ltd and Barbados Royals Ltd. RMPL owns and operates the Rajasthan Royals franchise, which participates in the Indian Premier League T20 cricket tournament organised

With India projected to become a USD 10 trillion economy, a global corporate strategy that overlooks this market risks missing a defining growth story of the next decade, according to Rajan Bharti Mittal, Vice Chairman of Bharti Enterprises. Mittal noted that growth will increasingly be driven by co-creation and long-term partnerships. He was speaking at the UK-India Week 2026 during the session 'India's Growth Story: Building the Next Decade of UK-India Opportunity'. As India moves from a USD 4 trillion to a projected USD 10 trillion economy, any global corporate strategy that overlooks this market risks missing the defining growth story of the next decade, according to Mittal. Mittal believes that amid reshaping of the global order, India stands out as a rare bright spot of growth and stability. With strong domestic consumption, a young population, and rising manufacturing strength, India is becoming central to the global economy, he noted. According to him, the opportunity is .

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The National Commission observed that the requirement of first-class construction was mentioned in the cover note and the policy, so stock kept elsewhere wouldn't be covered

Deal price not known; market pegged value of transaction when Mittal bought the shares at around $300 mn