Sale24 Mar 2026, 10:14 pm
United Spirits Ltd. to Sell 14,690 Shares of Royal Challengers Sports Private Limited for INR 166.6 bn
AI Summary
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 group 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 sale 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, which is not a material subsidiary of USL.
Key Highlights
- USL to sell 14,690 equity shares of RCSPL for INR 166.6 bn
- Buyers include Bolt IPL Holdings LLC, Aelius Investments Pte Ltd, Asia Investment Topco II Pte. Ltd., Times Internet Limited, and Metropolitan Media Company Limited
- Expected completion within 6 months, subject to SPA terms and conditions
- USL to cease holding any shareholding in RCSPL post-completion
- RCSPL is not a material subsidiary of USL