United spirits
Image Source: IANS
Consortium Led By Aditya Birla Group Acquires RCB For Rs 16,660 Crore (Ld)
Royal Challengers Sports Private Limited: A consortium led by Aditya Birla Group and the Times Internet Limited has acquired the defending Indian Premier League (IPL) and Women's Premier League champions Royal Challengers Bengaluru (RCB) for INR 16,660 crore, the owners of the franchise informed regulatory bodies on Tuesday.
United Spirits Ltd, the owners of the franchise, made this disclosure in mandatory regulatory filings with the Bombay Stock Exchange and the National Stock Exchange of India on Tuesday.
Bolt Ventures (Bolt) and Blackstone's perpetual private equity strategy (BXPE, Blackstone) are the other members of the consortium that have jointly bought the Royal Challengers Bengaluru, one of the eight original franchises of the IPL that was formed ahead of the inaugural edition in 2008.
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