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United Spirits Board Approves ₹166.6B Sale of Royal Challengers Sports Stake

United Spirits logoUnited Spirits
Sig4.10Sen+3.60Env0.00Soc0.00Gov+4.60

United Spirits approved the definitive share purchase agreement to sell its entire stake in Royal Challengers Sports Private Limited to a consortium for ₹166.6 billion in an all-cash deal. The board approved selling 14,690 equity shares on March 24, 2026, with completion expected within six months. Royal Challengers Sports contributed ₹504 crore revenue in FY2024-25, 1.9% of USL’s standalone revenue. Shareholders endorsed a postal ballot appointment of Ms. Julie Bramham with 99.72% support.

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