
A consortium comprising the Aditya Birla Group (one of the key shareholders of Vodafone Idea—Vi), The Times of India Group, Bolt Ventures, and Blackstone’s perpetual private equity strategy, BXPE (Blackstone), has signed a definitive agreement to acquire a 100 percent stake in the cricket franchise Royal Challengers Bengaluru (RCB) from United Spirits Limited (Diageo India). The transaction values the franchise—covering both the men’s Indian Premier League (IPL) and Women’s Premier League (WPL) teams—at Rs 166.6 billion (approximately USD…

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