India, Nov. 5 -- United Spirits Ltd., the India unit of Diageo Plc, has strarted a review of its investment in its sports management unit that controls Royal Challengers Bengaluru. The team, featuring India's cricket star Virat Kohli, won its first Indian Premier League earlier this year.

The review of Royal Challengers Sports Pvt. Ltd., which owns RCB's men's and women's cricket teams, is expected to conclude by 31 March, according to an exchange filing on Wednesday (5 November 2025). United Spirits didn't specify whether an RCB stake sale is under consideration.

A potential RCB stake sale could set a benchmark for valuations in the IPL, where team stakes are increasingly seen as trophy assets. The cricket league has evolved into a ent...