Sale24 Mar 2026, 10:11 pm
United Spirits Ltd. to Sell Royal Challengers Sports Private Ltd. for INR 166.6 bn
AI Summary
United Spirits Limited (USL) has approved the sale of 14,690 equity shares of Royal Challengers Sports Private Limited (RCSPL), a wholly owned subsidiary, for an aggregate consideration of INR 166.6 bn. The sale is subject to adjustments and conditions set out in the Share Purchase Agreement (SPA) executed by USL, RCSPL, and Bolt IPL Holdings LLC; Aelius Investments Pte Ltd; Asia Investment Topco II Pte. Ltd.; Times Internet Limited; and Metropolitan Media Company Limited. The completion of the transaction is expected to occur within 6 months from the date of the agreement.
Key Highlights
- USL to sell 14,690 equity shares of RCSPL for INR 166.6 bn
- Transaction subject to customary conditions and approvals
- Upon completion, USL will cease to hold any shareholding in RCSPL
- Transaction to be completed within 6 months from the date of the agreement
- RCSPL is not a material subsidiary of USL