Diageo denies media speculation on RCB stake sale

Following media reports suggesting that Diageo was exploring the potential sale of its stake in the Indian Premier League (IPL) franchise Royal Challengers Bengaluru (RCB), Diageo owned United Spirits issued a regulatory filing with the Bombay Stock Exchange (BSE) on June 10, categorically dismissing the reports as speculative.

“This has reference to your email communication dated 10th June 2025 seeking clarification from the Company on media reports in relation to potential stake sale of RCB. The Company would like to clarify that aforesaid media reports are speculative in nature and it is not pursuing any such discussions,” United Spirits stated in the filing.

The clarification came in direct response to a report that claimed Diageo was in talks with advisors to explore a partial or complete sale of the RCB franchise, potentially valuing at ₹17,000 crore. The report also noted that no final decision had been made.

United Spirits’ swift regulatory response sought to quell investor speculation and reaffirm its current position regarding ownership of the RCB franchise.