Royal Challengers Bengaluru ‘s (RCB) current owner in the IPL and WPL has been conducting a “strategic review” of its investment in the team through the parent company Royal Challengers Sports Private Limited (RCSPL), as per an ESPN report.

The sports outlet cited a Wednesday filing with the Securities and Exchange Board of India (SEBI), noting that the alcoholic beverage company was looking to divest its stake in the sports franchise.

With Diageo itself announced the RCB sale development, the UK-based company called it a “Strategic Review of the Investment in Royal Challengers Sports Pvt. Ltd. (RCSPL)” in a disclosure shared with the Bombay Stock Exchange (BSE) on Wednesday. The filing was done under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations a

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