United Spirits Ltd (USL), the Indian arm of global beverage major Diageo, on Wednesday announced that it has initiated a strategic review of its investment in Royal Challengers Sports Pvt. Ltd (RCSPL), the company that owns the Royal Challengers Bengaluru (RCB) cricket franchise.

RCSPL’s business comprises ownership of the men’s and women’s Royal Challengers Bengaluru teams, which participate in the Indian Premier League (IPL) and Women’s Premier League (WPL) cricket tournaments organised annually by the Board of Control for Cricket in India (BCCI).

The company said the review process is expected to be completed by March 31, 2026.

Praveen Someshwar, Managing Director & CEO of United Spirits Ltd, said:

“RCSPL has been a valuable and strategic asset for USL, however it’s non-core to our

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