Indian Premier League aspect Royal Challengers Bengaluru was acquired by a consortium that includes Aditya Birla Group (ABG) and The Occasions of India Group in a transaction that amounted to Rs. 16,706 crore.
The consortium, which additionally options Bolt Ventures (Bolt) and Blackstone’s perpetual personal fairness technique (BXPE, Blackstone), confirmed by an official assertion that it has signed a cope with United Spirits Restricted (USL) to safe 100 per cent stake in a RCB.
The deal consists of each the lads’s and ladies’s groups, who’re respectively the reigning IPL and WPL champions.
Beneath the brand new possession construction, Aryaman Vikram Birla, Director, Aditya Birla Group, will function Chairman and Satyan Gajwani of The Occasions of India Group will function Vice Chairman of the franchise.
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The acquisition is topic to customary closing circumstances, together with approval from the BCCI, the Competitors Fee of India, and different relevant regulatory authorities, confirmed the consortium by the assertion.
Kumar Mangalam Birla, Chairman, Aditya Birla Group expressed his enjoyment of taking on the RCB franchise.
“Over the previous 2 many years, the IPL has morphed to turn out to be a world sporting powerhouse that has modified the face of Indian cricket, creating monumental worth for India. RCB, as one of the crucial compelling franchises in fashionable sport, gives the Aditya Birla Group a particular platform to increase its legacy of institution-building into the world of world sport. We’re delighted to turn out to be custodians of this asset and dedicated to additional constructing this extraordinary legacy,” mentioned Kumar Mangalam Birla.
RCB will start its IPL 2026 marketing campaign with a house match towards Sunrisers Hyderabad on March 28.
Earlier right this moment, a consortium led by US-based entrepreneur Kal Somani had gained the bid to amass the Rajasthan Royals franchise for Rs 15,300 crore.
Revealed on Mar 24, 2026