The Exchange has sought clarification from United Spirits Limited with respect to recent news item captioned United Spirits' Parent Company Diageo Mulls Stake Sale In IPL Franchise RCB, Sources Say. The response from the Company is attached.
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Awaiting price reaction for this filing.
NSE asked United Spirits to clarify media reports that its parent company Diageo was considering selling its stake in IPL franchise Royal Challengers Bengaluru (RCB). The company responded that the media reports are speculative in nature and that it is not pursuing any such discussions. The letter, signed by Company Secretary Mital Sanghvi on 10th June 2025, was filed to set the record straight with the exchange.
The company has officially denied the RCB stake sale reports, which should put to rest any speculation and prevent the stock from moving on the unconfirmed news. Shareholders can treat this as a non-event until any further concrete information emerges.