Diageo PLC Considers Sale of Royal Challengers Bengaluru Stake

Diageo PLC, a British spirits company listed on the London Stock Exchange, is evaluating options for its ownership in the Indian Premier League cricket franchise Royal Challengers Bengaluru. The company is considering a potential sale of part or all of the club, which could be valued at approximately $2 billion.

According to market reports, Diageo is weighing various options for its stake in the franchise. This development has led to a 2-3% increase in the stock price of United Spirits, Diageo’s Indian subsidiary.

Key points:

• Diageo PLC is evaluating options for its ownership in Royal Challengers Bengaluru
• The company is considering a potential sale of part or all of the club
• The franchise could be valued at approximately $2 billion
• United Spirits, Diageo’s Indian subsidiary, has seen a 2-3% increase in stock price

The development is being closely watched by investors, who are optimistic about the potential sale and its impact on Diageo’s valuation.