Bengaluru, Nov. 6 -- United Spirits Limited (USL), the Indian subsidiary of global spirits major Diageo, announced the initiation of a strategic review of its wholly-owned subsidiary Royal Challengers Sports Private Limited (RCSPL), the holding company of the Royal Challengers Bengaluru (RCB) franchise teams in the Men's Indian Premier League (IPL) and Women's Premier League (WPL).
The review process is expected to conclude by 31 March 2026. Praveen Someshwar, Managing Director and CEO of USL, said RCSPL has been a "valuable and strategic asset" but noted that the cricket franchise is non-core to the company's alcoholic beverages business.
He added that the move reflects USL and Diageo's commitment to continually review their India enterp...