Skip to main content
news
Cricket - Third One Day International - South Africa v India - Newlands Cricket Ground, Cape Town, South Africa - January 23, 2022 India's Virat Kohli in action REUTERS/Sumaya Hisham - UP1EI1N11VMSL

Argus Partners has advised the Board of Control for Cricket in India (BCCI) in the media rights auction to broadcast the Indian Premier League, the world's richest cricket competition, for the next five years. The deal fetched the BCCI $6.2 billion.

Disney-owned Star India retained the television broadcast rights to the IPL for 235.75 billion rupees ($3.02 billion), while Viacom18, a broadcasting joint venture run by Mukesh Ambani's Reliance Industries won digital streaming rights from 2023 to 2027, for 237.58 billion rupees, Reuters reported.

It added that the IPL, counting top Indian industrialists and Bollywood stars such as Shah Rukh Khan among its franchise owners, is often seen as a surefire ticket to high TV ratings and growth in India's booming online streaming space.

The Argus team was led by managing partner Krishnava Dutt and partner Adity Chaudhury.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

N&A, S&C, TMI advise as Japan's Nidec makes $1.6 bln bid for Makino Milling

by Asian Legal Business《亚洲法律杂志》 |

TMI Associates, Freshfields and Davis Polk & Wardwell have represented Japanese manufacturing giant Nidec on its 257-billion-yen ($1.6 billion) bid for Makino Milling Machine, which turned to Nishimura & Asahi and Sullivan & Cromwell for advice.

Deals

N&A, MHM, Skadden, STB guide JX Advanced Metal’s $3 bln Japan IPO

by Nimitt Dixit |

Nishimura & Asahi and Skadden Arps Slate Meagher & Flom are advising JX Advanced Metals on its upcoming 460-billion-yen ($3 billion) initial public offering, the largest listing in Japan since SoftBank Corp’s $23.5 billion IPO in 2018.

Deals

Trilegal, Touchstone, CAM act on Carlyle’s $400 mln entry into India auto-components space

by Nimitt Dixit |

Trilegal has advised global private equity firm Carlyle on its acquisition of majority stakes in Highway Industries (HIL) and Roop Automotives for $400 million, marking its entry into India's auto components sector through a new manufacturing platform.