Investing.com — (LON:DGE) subsidiary has entered into definitive agreements to sell its entire 100% equity stake in Royal Challengers Sports Private Limited to a consortium of buyers for INR 166.6 billion ($1.97 billion), according to an announcement on Wednesday.
The acquiring consortium comprises , The Times of India Group, Bolt Ventures, and Blackstone’s perpetual private equity strategy, BXPE.
Royal Challengers Sports Private Limited owns and operates the Royal Challengers Bengaluru franchises that participate in the Indian Premier League and Women’s Premier League.
Upon completion of the transaction, the acquiring consortium will, through its ownership of RCSPL, acquire the rights to own and operate the IPL and the WPL franchises.
The announcement concludes the strategic review of RCSPL initiated by United Spirits Limited, as announced on November 5, 2025.
The transaction is subject to satisfaction of customary closing conditions and legal, regulatory and other approvals, including from the Board of Control for Cricket in India and the Competition Commission of India.
United Spirits Limited was represented by Citigroup as its lead financial advisor, while AZB & Partners served as legal counsel. Diageo plc was advised by Deutsche Bank as its strategic financial advisor, and received legal counsel from Slaughter and May, as well as Touchstone Partners.