United Spirits Limited, Diageo's Indian subsidiary, agreed to sell its 100% stake in Royal Challengers Sports Private Ltd for INR 166.6 billion ($1.97 bn).
The buyer consortium includes Aditya Birla Group, Times of India Group, Bolt Ventures and Blackstone’s BXPE, pending BCCI and competition approvals.
The sale finalises a strategic review launched on 5 Nov 2025 and follows advisory support from Citigroup, Deutsche Bank and top law firms.
Shares of Diageo (DGE), Blackstone (BX) and United Spirits (UNSP) fell 1‑1.5% after announcement.