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Mumbai: It’s now official — Royal Challengers Bengaluru (RCB) , one of the most popular franchises in the Indian Premier League (IPL), has been put up for sale . The team’s owner, Diageo , the UK-based global beverage giant, has initiated the process to divest its stake and expects the sale to be completed by March 31, 2026 .

The confirmation came through a disclosure to the Bombay Stock Exchange (BSE) on November 5 , where Diageo described the move as part of a “strategic review” of its investment in Royal Challengers Sports Private Limited (RCSPL) — a wholly owned subsidiary of United Spirits Limited (USL) , Diageo’s Indian arm.

In its filing, Diageo stated that RCSPL owns and manages both the men’s

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