Cyril Amarchand Mangaldas advised Buyer Consortium on acquisition of Rajasthan Royals IPL franchise for USD ~1.6 billion
The India’s leading full-service law firm, Cyril Amarchand Mangaldas advised the Buyer Consortium on the acquisition of the Indian Premier League (IPL) franchise Rajasthan Royals, for approximately USD 1.6 billion. The Firm also advised Adar Poonawalla on the formation of the Buyer Consortium along with the Mittal family.
The Mauritius-based holding company being acquired currently holds interests in three professional cricket franchises: Rajasthan Royals (IPL, India), Paarl Royals (SA20, South Africa) and Barbados Royals (CPL, Caribbean).
The Cyril Amarchand Mangaldas transaction team was led by Iqbal Khan (Lead Partner) and Ashid Basheer (Partner), with support from Subbalaxmi S (Principal Associate), Shefali Murthy (Senior Associate), Gunjan Singh (Associate), Raviraj Zinzuvadia (Associate), Mallika Bhaskar (Associate) and Khushi Jaffar (Associate).
On intellectual property aspects, the team was led by Swati Sharma (Partner, Head – Intellectual Property), with support from Andri Shukla (Senior Associate).
On disputes aspects, the team was led by Ankoosh K Mehta (Partner, Co-Head – White Collar & Investigation), with support from Sarah Navodia (Principal Associate).
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