UNITED SPIRITS STOCK IN THE NEWS AFTER COMPANY SELLS IT'S ENTIRE STAKE IN RCB FOR Rs 16,660 CRORE

has sold it's entire 100% stake in Royal Challengers Sports Pvt Ltd (RCSPL) to a consortium comprising Aditya Birla Group, The Times of India Group, Bolt Ventures, and Blackstone’s perpetual private equity strategy BXPE for a total consideration of Rs 16,660 crore in an all-cash deal. RCSPL owns the Royal Challengers Bengaluru (RCB) franchise teams that participate in the Men’s Indian Premier League (IPL) and Women’s Premier League (WPL) cricket tournaments hosted annually by the Board of Control for Cricket in India (BCCI). Having a market cap of Rs 95,363 crore, the company's has delivered a strong ROCE and ROE of 26.5% and 19.7% respectively. It has also reported a compunded profit growth of 20% CAGR over the past 5 years. The proceeds from this stake sale will now help the company focus on it's core beverage alcohol business and drive long-term value creation.