United Spirits Limited Announces Sale of Royal Challengers Sports Stake for INR 166.6 Billion
United Spirits Limited (USL) announced on March 24, 2026, that its Board of Directors approved the sale of 14,690 equity shares of Royal Challengers Sports Private Limited (RCSPL) for an aggregate consideration of INR 166.6 billion. The transaction is subject to adjustments and conditions outlined in a Share Purchase Agreement (SPA) executed on March 24, 2026.The buyers are Bolt IPL Holdings LLC, Aelius Investments Pte Ltd, Asia Investment Topco II Pte. Ltd., Times Internet Limited, and Metropolitan Media Company Limited. Upon completion, USL will cease to hold any shareholding in RCSPL, and RCSPL will no longer be a subsidiary of USL. RCSPL is not a material subsidiary of USL.
During the financial year 2024-25, RCSPL’s revenue from operations was INR 504 crore, representing 1.9% of USL's standalone revenue from operations. RCSPL's net worth as of March 31, 2025, was INR 321 crore, representing 4.1% of USL’s standalone net worth.
The Board meeting commenced at 18:09 hours IST and concluded at 19:00 hours IST.
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