United Spirits Limited has informed the Exchange regarding a press release dated March 24, 2026, titled "Press Release".
UNITDSPR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
United Spirits Limited (USL), the Diageo-owned liquor major, has agreed to sell its entire 14,690 equity shares (100%) in wholly owned subsidiary Royal Challengers Sports Private Limited (RCSPL) — which owns and operates the Royal Challengers Bengaluru (RCB) IPL and WPL cricket franchises — for an all-cash consideration of INR 166.6 billion. The buyer is a consortium of Aditya Birla Group, Times of India Group, Bolt Ventures (affiliate of David Blitzer), and Blackstone's perpetual private equity arm BXPE, none of whom are related to USL's promoters. RCSPL is not a material subsidiary, having contributed only INR 504 crore in revenue (1.9% of USL standalone) and INR 321 crore in net worth (4.1% of USL standalone) in FY25. The deal is subject to approvals from the BCCI and Competition Commission of India, with completion expected within 6 months from March 24, 2026. Management said the divestiture concludes the strategic review announced on November 5, 2025 and will allow USL to sharpen focus on its core beverage alcohol business.
This is a significant value-unlocking move — INR 166.6 bn in cash from a non-core sports asset could strengthen USL's balance sheet and redirect capital toward its main liquor business. The stock may react positively given the size of the consideration relative to RCSPL's modest financial contribution.