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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LS passes bill to open up nuclear sector for private participation
New Delhi (PTI): Lok Sabha on Wednesday passed the nuclear energy bill with Union minister Jitendra Singh asserting that it would help India achieve its target of 100 GW atomic energy generation by 2047.
The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, which seeks to open the tightly-controlled civil nuclear sector for private participation, was passed by voice vote amid a walkout by the opposition.
Singh termed the bill a "milestone legislation" that will give a new direction to the country's developmental journey.
"India's role in geopolitics is increasing. If we have to be a global player, we have to follow global benchmarks and global strategies. The world is moving towards clean energy. We too have set a target of 100 GW of nuclear energy capacity by 2047," he said.
The opposition contended that the bill diluted provisions of the Civil Liability for Nuclear Damage Act, 2010 that passed on the liability for a nuclear incident on to the suppliers of nuclear equipment.
