A consortium including Aditya Birla Group, Times of India Group, Bolt Ventures, and Blackstone has acquired the Indian Premier League franchise Royal Challengers Bengaluru for $1.78 billion.
The seller is United Spirits, a subsidiary of British alcoholic beverages giant Diageo. The transaction marks one of the largest investments in Indian cricket history.
The new ownership group combines industrial, media, and private equity power, signaling strong confidence in the commercial future of sports franchises in India.