Diageo's Mid-March Deadline for Royal Challengers Bengaluru Bids
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Diageo Sets Mid-March Deadline for Royal Challengers Bengaluru Bids
M
Moneycontrol•25-02-2026, 17:34
Diageo Sets Mid-March Deadline for Royal Challengers Bengaluru Bids
•Diageo has set a mid-March deadline for binding bids for Royal Challengers Sports Private Limited (RCSPL), which owns the Royal Challengers Bengaluru (RCB) IPL and WPL teams.
•Due diligence by shortlisted bidders is underway and expected to conclude by March 10, followed by final bid submissions.
•Around 9-10 parties, including Adar Poonawalla, Dr. Ranjan Pai, EQT, and Lancer Capital LLC, were shortlisted after non-binding proposals.
•The sell-side ask for a 100% stake in RCSPL is around $2 billion, though some suitors value it between $1.5 billion to $1.7 billion.
•Other IPL teams like Rajasthan Royals and Kolkata Knight Riders also have ongoing stake sale processes, reflecting increased M&A activity in the league.
