City Football Group Limited acquired Mumbai City FC in a deal including diligence, pre-acquisition restructuring, drafting and negotiating the transaction documentation and advising on the Indian football regulatory framework, according to ET’s Brand Equity.
City Football Group (CFG) has agreed a deal to acquire a majority stake in its eighth club, Mumbai City FC in the Indian Super League, marking a major move into Indian football. CFG will become the 65% majority shareholder of the Club, alongside existing shareholders, acclaimed actor and film producer, Ranbir Kapoor and Bimal Parekh who combined will hold the remaining 35% of shares. Completion of the investment remains subject to the approval of certain football bodies.
Khaitan & Co advised
Update 13 December 2019: AZB & Partners advised
2019-11-28
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