United Spirits stake sale boosts share price outlook
after close1 source ↓written by the desknot a recommendation
- in Royal Challengers
- 100% stake
- approx
- ₹16,660 cr
- in share price
- 30% upside
United Spirits has divested its 100% stake in Royal Challengers Bengaluru for ₹16,660 cr (approx. USD 1.78 billion) to a consortium led by Aditya Birla Group. This all-cash transaction is expected to enhance investor sentiment, with analysts projecting a 30% upside in share price by 2026. A dividend is also anticipated in the next six months.
Not investment advice. For informational purposes only.