Date updated disclosure under Regulation 30 of SEBI Listing Regulation, 2015 - Amended and restated share purchase agreement in relation to sale of Royal Challengers Sports Private Limited
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United Spirits has filed an amended and restated share purchase agreement (A&R SPA) dated May 11, 2026 for the sale of its wholly-owned subsidiary Royal Challengers Sports Private Limited (RCSPL). The amendment replaces some original purchasers with new entities - Big Banyan Holdings, Times Cricket LLP, and ICONIQ have joined as additional purchasers, while Aelius Investments and Metropolitan Media have retired from the consortium. The transaction value remains INR 166.6 billion for 14,690 equity shares of RCSPL. This filing corrects an earlier date error (January 11, 2026 instead of May 11, 2026) and does not alter the aggregate consideration, sale shares, or fundamental commercial structure.
The change in purchaser entities is administrative and does not affect the deal terms or the sale completion. Shareholders can expect the divestment of RCSPL to proceed as originally disclosed, with the consortium simply reorganising the legal entities through which it is investing.