United Spirits shares decline after ₹16,600 cr RCB stake sale
pre-market1 source ↓written by the desknot a recommendation
- to ₹1
- 1.5%
- Bengaluru RCB
- ₹16,660 cr
Shares of United Spirits fell 1.5% to ₹1,308.1 after announcing the sale of its entire stake in Royal Challengers Bengaluru (RCB) for ₹16,660 cr. The buyer consortium includes Aditya Birla Group and Blackstone, acquiring rights to operate IPL and WPL franchises. This strategic divestment may impact investor sentiment in the near term.
Not investment advice. For informational purposes only.