IPL franchise RCB bought by consortium led by Aditya Birla Group for $1.78b
A consortium led by India's leading business group Aditya Birla Group (ABG) yesterday (24 March) acquired 100 % equity stake in Indian Premier League (IPL) cricket franchise Royal Challengers Bengaluru for a whopping $1.78 billion (approximately Rs16,706 crore) from its current owner the liquor manufacturer United Spirits Limited.
Other parties involved in the group are – Blackstone's perpetual private equity strategy, BXPE, Bolt Ventures, owned by American investor David Blitzer and media conglomerate Times of India.
"United Spirits Limited, pursuant to the meeting of its Board of Directors, today announced that it has entered into definitive agreements for the sale of the 100% equity stake held in its wholly owned subsidiary Royal Challengers Sports Private Limited (RCSPL) to a consortium," the USL said in a statement.
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Floated in 2008 when the IPL competition, a popular event featuring the shortest (20 overs a side) format of cricket started, RCB won the IPL trophy for the first time in 2025.
