United Spirits Ltd Approves Sale of Royal Challengers Sports Private Limited for INR 166.6 bn

United Spirits Limited (USL) has approved the sale of 14,690 equity shares of its wholly owned subsidiary, Royal Challengers Sports Private Limited (RCSPL), to a consortium of buyers for an aggregate consideration of INR 166.6 bn. The buyers include Bolt IPL Holdings LLC, Aelius Investments Pte Ltd, Asia Investment Topco II Pte. Ltd., Times Internet Limited, and Metropolitan Media Company Limited. The transaction is expected to be completed within 6 months, subject to fulfillment of terms and conditions under the Share Purchase Agreement (SPA). Upon completion, USL will cease to hold any shareholding in RCSPL, and consequently, RCSPL will cease to be a subsidiary of USL. RCSPL contributed 1.9% of USL's revenue from operations and 4.1% of its net worth during the financial year 2024-25.