Cyril Amarchand Mangaldas (“CAM”) advised the Buyer Consortium on the acquisition of the IPL franchise Rajasthan Royals, for USD ~1.6 Billion.
CAM also advised Adar Poonawalla on the formation of the Buyer Consortium, with the Mittal family.
The Mauritius-based holding company being acquired presently holds interests in three professional cricket franchises: the Rajasthan Royals (IPL, India), the Paarl Royals (SA20, South Africa) and the Barbados Royals (CPL, Caribbean).
The transaction team comprised of Iqbal Khan, Lead Partner; Ashid Basheer, Partner; with the assistance from Subbalaxmi S, Principal Associate; Shefali Murthy, Senior Associate; Gunjan Singh, Raviraj Zinzuvadia, Mallika Bhaskar, and Khushi Jaffar, Associates.
Swati Sharma, Partner (Head – Intellectual Property); with support from Andri Shukla, Senior Associate; advised on intellectual property aspects of the transaction.
Ankoosh K Mehta, Partner (Co-Head — White Collar & Investigation); with the support from Sarah Navodia, Principal Associate; advised on disputes aspects of the transaction.