Royal Challengers Bengaluru IPL Cricket Franchise to Be Acquired by Aditya Birla Group, Times of India, Bolt Ventures and Blackstone for $1.78 Billion

A consortium of four prominent investors has signed a definitive agreement to buy Indian Premier League franchise Royal Challengers Bengaluru from United Spirits Limited, a subsidiary of Diageo, in a transaction valued at $1.78 billion. The buying group brings together Aditya Birla Group, The Times of India Group, Bolt Ventures – the private investment platform […]

By Naman Ramachandran