United Spirits Denies Plans To Sell RCB Stake, Calls Media Reports Speculative

United Spirits on Tuesday dismissed speculation that it was considering a sale of its stake in Indian Premier League team Royal Challengers Bengaluru.

In a stock exchange filing, the company clarified it is not in any talks regarding a potential sale. Media reports had claimed Diageo Plc., United Spirits’ parent firm, was weighing a partial or full exit.

Royal Challengers Sports Pvt. Ltd. remains a wholly-owned subsidiary, as per the 2023-2024 annual report.