United Spirits Ltd (USL), the Indian arm of London-based Diageo, is initiating a strategic assessment of funding in its wholly owned subsidiary, Royal Challengers Sports activities Pvt. Ltd (RCSPL), the corporate that owns the Royal Challengers Bengaluru (RCB), the agency stated in a regulatory submitting on Wednesday.
Praveen Someshwar, Managing Director & CEO, USL stated, “RCSPL has been a helpful and strategic asset for USL, nevertheless it’s non-core to our alcobev enterprise.’’
“This step would reinforce USL’s & Diageo’s dedication to proceed reviewing its India enterprise portfolio to allow sustained supply of long-term worth to all its stakeholders, whereas holding RCSPL’s finest curiosity in thoughts,” Someshwar added.
In line with the statutory doc, RCSPL’s enterprise contains possession of each the boys’s and ladies’s RCB groups which compete within the Indian Premier League and Girls’s Premier League respectively. Whereas the boys’s workforce received the IPL title this yr, the ladies have been topped champions in 2024.
Hypothesis that RCB can be up on the market has been rife for the reason that June 4 stampede outdoors the M. Chinnaswamy Stadium that killed 11 folks through the franchise’s title-winning celebrations.
USL’s strategic assessment course of is anticipated to conclude by March thirty first, 2026.
Printed on Nov 05, 2025