RCB on sale? Diageo reportedly exploring sale after franchise's IPL triumph, $2 billion valuation
Bengaluru: Days after Royal Challengers Bengaluru (RCB) clinched their maiden Indian Premier League (IPL) title, their current owner, Diageo Plc, is reportedly considering selling the franchise, according to a report by The Economic Times.
Sources familiar with the matter have said that Diageo, which owns RCB through its Indian subsidiary United Spirits Ltd, has begun consulting potential advisers to evaluate strategic options. These range from a partial stake sale to a full divestment. While no final decision has been made, the company is believed to be seeking a valuation of up to $2 billion for the popular franchise.
This development comes amid a broader regulatory crackdown by India’s health ministry on the indirect promotion of alcohol and tobacco brands in sports, particularly in the IPL. Diageo is reportedly reassessing its non-core assets as part of a strategic review, especially as its premium liquor business faces pressure in key markets such as the United States.
RCB was initially purchased by Vijay Mallya, then a prominent liquor baron and owner of Kingfisher Airlines. Following the collapse of Mallya’s business empire, Diageo took control of United Spirits and, subsequently, the RCB franchise.
Despite being one of the most followed teams in the IPL, thanks to stars like Virat Kohli, AB de Villiers, and Faf du Plessis, RCB had long struggled to win a title, until their recent 2025 victory.
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Passing out parade held at IMA Dehradun, 491 young officers join Indian Army
Dehradun(PTI): After undergoing rigorous training at the Indian Military Academy (IMA) in Dehradun, 491 cadets participated in a grand Passing Out Parade on Saturday and will now be commissioned as officers in the Indian Army.
The spectacular parade, held at the historic Drill Square in front of the academy's Chatwood Building, was reviewed by Army Chief General Upendra Dwivedi, who served as the reviewing officer.
Along with 491 Indian cadets, 34 foreign cadets from 14 friendly countries also participated in the Autumn Term 2025 Passing Out Parade.
A total of 525 officer cadets from the 157th Regular Course, 46th Technical Entry Scheme, 140th Technical Graduate Course, 55th Special Commissioned Officers Course, and Territorial Army Online Entrance Exam 2023 Course participated in the Passing Out Parade.
The 'Sword of Honour' and gold medal for securing first place during training was awarded to ACA Nishkal Dwivedi, the silver medal to BUO Badal Yadav for second place, and the bronze medal to SUO Kamaljeet Singh for third place.
The silver medal for securing first place in the 'Technical Graduate Course' was awarded to Officer Cadet Jadhav Sujit Sampat, and the silver medal for first place in the 'Technical Entry Scheme-46' was awarded to WCC Abhinav Mehrotra.
The silver medal for the 'Special Commission Officer Course' was given to Officer Cadet Sunil Kumar Chhetri.
Among the foreign cadets, the first place in merit was secured by JUO Mohammad Safin Ashraf from Bangladesh. The Army Chief's Banner for overall best performance in the Autumn Term was awarded to Imphal Company.
As the parade concluded, helicopters showered flowers on the newly commissioned officers from the sky.
On this occasion, General Dwivedi congratulated the new officers in his address for successfully completing their training. He praised the young officers for their high level of discipline, leadership qualities, and endurance, and urged them to uphold the glorious traditions of the Indian Army and serve the nation with loyalty, commitment, and honour.
General Dwivedi said that joining the army marks the beginning of a lifelong duty and selfless service.
The parents and guardians of the newly commissioned officers were also present during the passing out parade.
