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The Competition Commission of India (CCI) has approved the acquisition of 100% shareholding of Royal Challengers Sports Private Limited, the parent company of Royal Challengers Bengaluru, by a consortium comprising entities of the Aditya Birla Group, Times Group, ICONIQ Group, Blackstone-backed funds and other investors.
Tragedy struck the IPL victory celebrations for RCB, when a stampede occurred outside the M. Chinnaswamy stadium, killing 11 people.
It was submitted that IPL events are conducted by Royal Challengers Bengaluru through their service provider and the role of KSCA is very limited as it accommodates only by extending the venue and infrastructure.
The Court further directed the Registry to register the instant suo-motu cognizance as suo motu writ petition and relist the matter on 10-6-2025.