New Delhi, Jan. 22 -- Serum Institute of India (SII) CEO Adar Poonawala on Thursday announced the decision to bid for the defending champions of the Indian Premier League (IPL), Royal Challengers Bengaluru (RCB).

RCB were officially put on sale following their title win in the 2025 season. Diageo, the owner of the IPL and Women's Premier League (WPL) franchise RCB, last year in November, said it is conducting a "strategic review" of its investment in the franchise through Royal Challengers Sports Private Limited (RCSPL), the parent company owning both sides, taking first steps towards divesting its stake in the franchise.

Taking to his X account, Poonawala wrote, "Over the next few months, will be putting in a STRONG and COMPETITIVE bid...