Free inter-district bus facility for stranded people to travel within Karnataka for 3 days
Bengaluru: In a bid to help people, including large number of labourers, from Karnataka stranded within the state due to the COVID-19 lockdown, Chief Minister B S Yediyurappa said free bus services would be operated for three days from Sunday for them to reach their native places.
The expenses will be borne by the government, he said appealing to the people to make use of the opportunity that will be available till Tuesday and not to create rush at bus stands.
"Keeping in mind the situation of poor labourers, for three days from today, free KSRTC (Karnataka State Road Transport Corporation) bus facilities will be made available for those travelling to their native places in Karnataka from various district headquarters and capital Bengaluru city," the Chief Minister said in a statement.
The move came amid complaints that the fare charged by the state-run transport corporation was too high. The high fare, fixed since the buses were operated on a contract basis and not as regular services, also drew criticism from various quarters including opposition parties.
State Congress President D K Shivakumar said the party was contributing Rs 1 crore to the transport corporation for ensuring 'free' travel to the workers and said if the government wanted more funds would be made available.
Allowing one-time inter state and inter district movement of those stranded, the government had earlier said, those wanting to travel will have to bear the travel expenses, and buses will be made available if required.
Thousands of labourers on Saturday expressed their inability to pay the higher fare that was fixed for commuting in KSRTC buses as the services were being arranged on a contract basis.
However, following the intervention of the Chief Minister later it was decided to charge single fare tariff for workers travelling by KSRTC buses within the state.
In further relief, Yediyurappa issued orders on Sunday making it free travel.
Officials said buses will be available from 10 am to 6 pm at the Bengaluru Metropolitan Transport Corporation's bus stand at Majestic here and requested the public to maintain social distancing while coming to board the buses.
The passengers would also be subjected to screening to detect if they have any COVID-19 symptoms such as fever. There are adequate number of buses for travel, and required health check up will be made before boarding the bus, the officials said.
"No one will be allowed to get down from the bus in between and all passengers will be dropped at designated bus stand, where once again health checkup will be done and home quarantine related information will be give," they added.
Shivakumar tweeted: "Giving Rs 1 crore cheque to KSRTC from the KPCC for ensuring free transport to our working class & labour people who are suffering to reach home because of the rates being charged by the Karnataka Govt. Govt should let us know if they need more, the KPCC will fulfill that as well."
"Bus facilities for those wanting to go home have been very inadequate. Thousands are suffering without food & water at bus stands. Karnataka Govt must wake up to their sufferings," he said in another tweet.
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Aditya Birla Group-led consortium acquires RCB for USD 1.78 billion
Bengaluru (PTI): A consortium led by the Aditya Birla Group (ABG) on Tuesday acquired 100 percent equity stake in IPL franchise Royal Challengers Bengaluru for a whopping USD 1.78 billion (approximately Rs 16,706 crore) from its current owner the United Spirits Limited.
Other parties involved in the group are -- Blackstone’s perpetual private equity strategy, BXPE, a firm of which Viral Patel is the CEO, Bolt Ventures, owned by American investor David Blitzer, and media conglomerate Times of India.
“United Spirits Limited, pursuant to the meeting of its Board of Directors, today announced that it has entered into definitive agreements for the sale of the 100 percent equity stake held in its wholly owned subsidiary Royal Challengers Sports Private Limited (RCSPL) to a consortium,” the USL said in a statement.
“The consortium comprises Aditya Birla Group (ABG), The Times of India Group (Times), Bolt Ventures (Bolt), and Blackstone’s perpetual private equity strategy, BXPE (Blackstone) for a total consideration of INR 166.6 bn in an all cash transaction,” the statement added.
The transaction includes RCB's men’s and women’s (WPL) teams.
“RCSPL owns and operates Royal Challengers Bengaluru (RCB) franchises that participate in the Indian Premier League (IPL) and Women’s Premier League (WPL).
“Upon completion of this transaction, the consortium will, through its ownership of RCSPL, acquire the rights to own and operate the IPL and WPL franchise,” said the USL.
The announcement also concluded the strategic review of RCSPL that was initiated by USL on November 5, 2025.
The United Spirits Limited is a subsidiary of UK-Diageo, and they were keen to move away from RCB as the team was not central to their business plans.
Commenting on the transaction, Praveen Someshwar, MD & CEO, USL, said: “This transaction marks an important milestone for USL as we sharpen focus on our core beverage alcohol business to unlock its true potential. RCB has grown into the most prominent and commercially successful franchise in the IPL and WPL.
“We are excited for the future of RCB under the stewardship of the new owner. As Sports enters a new phase of growth in India & globally, we believe this is in the best interest of the franchise and our stakeholders.”
Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Over the past 2 decades, the IPL has morphed to become a global sporting powerhouse that has changed the face of Indian cricket creating enormous value for India.
“RCB, as one of the most compelling franchises in modern sport, offers the Aditya Birla Group a distinctive platform to extend its legacy of institution-building into the arena of global sport.”
As per the sale agreement, Aryaman Vikram Birla, ABG’s director, will be the chairman of RCB while Satyan Gajwani of Times of India will be his deputy.
Aryaman Birla, said: “It is a privilege to come together in this partnership to shape the next phase of growth for RCB. This partnership brings together a deep understanding of sports, media and consumer businesses.
“Together, we will continue to Play Bold -- on the pitch, in the community, and for the fans who make RCB what it is.”
Gajwani, Chairman, Times Internet Limited, said: “RCB is the reigning champion and the most popular brand in the IPL. We will build RCB into a global sporting institution, while remaining rooted in Bengaluru and Karnataka and its incredible fanbase.”
Blitzer hoped to build on RCB’s recent success.
“RCB has a world-class fanbase, and the IPL is one of the great growth stories in global sport. Having invested in clubs and leagues around the world, I believe the opportunity at RCB stands out.
We look forward to working alongside our partners and the BCCI to build on the franchise’s championship success,” he said.
Patel praised the RCB as one of the strongest sporting brands in the world.
“We are excited to invest in RCB, building on Blackstone’s long-standing commitment to India. RCB stands out as one of the most popular sports franchises in the world with a powerful brand, a loyal fan base, and multiple avenues for growth,” he added.
However, formalities such as ratification from the BCCI, IPL Governing Council, its WPL counterpart and the Competition Commission of India are still pending.
Earlier, IPL franchise Rajasthan Royals was acquired by US-based Kal Somani-led consortium for USD 1.63 billion (approx Rs 15,290 crore),
The Somani-led consortium includes Rob Walton from the Walmart family and Hamp family (Ford motor company).
Somani is an Arizona-based tech entrepreneur who has founded IntraEdge (technology services and solutions), Truyo.Ai (data privacy rights and AI governance) and Academian (edtech services).
The other contenders to buy the team, which won the inaugural trophy in 2008, were the Times Internet-led consortium, the Aditya Birla Group and the Mittal family led by ArcelorMittal CEO Aditya Mittal.
