Royal Challengers Bangalore has changed hands in the biggest sale of an Indian sports venture, with a consortium of top business houses and investors acquiring the Indian Premier League reigning champion for $1.78 billion, or approximately ₹16,600 crore. Liquor giant United Spirits Ltd on Tuesday announced the sale of the franchise to a consortium of Aditya Birla Group, leading US sports investor David Blitzer, private equity giant Blackstone and Satyan Gajwani of the Times Group family office. While the Birla family will own the majority stake, Blackstone, Gajwani and and Blitzer's Bolt Investments will hold the rest. The consortium trounced several others pursuing one of the most valuable assets in Indian cricket for months, including bids by Ranjan Pai-KKR and EQT-Premji Invest.

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