New Delhi, June 10 -- Shares of United Spirits climbed over 3 percent on June 10 to touch a five-month high, following a media report that suggested its parent company Diageo was considering selling its stake in IPL franchise Royal Challengers Bengaluru (RCB). However, United Spirits swiftly issued a clarification, categorically denying any such development.

In a regulatory filing with the BSE, United Spirits said the media reports were speculative in nature and there were no ongoing discussions regarding the stake sale. "This has reference to your email communication dated 10th June 2025 seeking clarification from the Company on media reports in relation to potential stake sale of RCB. The Company would like to clarify that aforesaid me...