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Aditya Birla Group-led consortium acquires RCB for USD 1.78 billion

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BENGALURU: A consortium led by the Aditya Birla Group (ABG) on Tuesday acquired 100 percent equity stake in IPL franchise Royal Challengers Bengaluru for a whopping USD 1.78 billion (approximately Rs 16,706 crore) from its current owner the United Spirits Limited.

Other parties involved in the group are — Blackstone’s perpetual private equity strategy, BXPE, a firm of which Viral Patel is the CEO, Bolt Ventures, owned by American investor David Blitzer, and media conglomerate Times of India.

“United Spirits Limited, pursuant to the meeting of its Board of Directors, today announced that it has entered into definitive agreements for the sale of the 100 percent equity stake held in its wholly owned subsidiary Royal Challengers Sports Private Limited (RCSPL) to a consortium,” the USL said in a statement.

As per the sale agreement, Aryaman Vikram Birla, ABG’s director, will be the chairman of RCB, while Satyan Gajwani of Times of India will be his deputy.

“It is a privilege to come together in this partnership to shape the next phase of growth for RCB. This partnership brings together a deep understanding of sports, media and consumer businesses,” said Aryaman Birla.

“Together, we will continue to Play Bold — on the pitch, in the community, and for the fans who make RCB what it is.”

However, formalities such as ratification from the BCCI, IPL Governing Council, its WPL counterpart and the Competition Commission of India are still pending.

The effort to find a new owner for RCB, currently valued at around $105 million as per Forbes India, began in November last year by current owners United Spirits Ltd, the Indian arm of global beverage major Diageo.

United Spirits acquired RCB from original owner Vijay Mallya after his business ventures collapsed in 2016.

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India set for bumper New Zealand tour featuring 10 white-ball matches and Two Tests

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India will undertake the biggest-ever international cricket tour of New Zealand later this year, playing two tests, five one-day internationals and five Twenty20 matches against the Black Caps.

India will open the tour with the T20s in late October and early November quickly followed by the ODI series.

The first test takes place at Wellington’s Basin Reserve from November 19 to 23. The second test will be at Christchurch’s Hagley Oval from November 27 to December 1.

“When it comes to cricket – it simply doesn’t get bigger than India and we’re determined to deliver New Zealanders a tour like no other,” said New Zealand Cricket’s Glenn Critchley. “We’re expecting all of these games to sell out.”

After travelling to play four tests in Australia around the New Year, New Zealand will also host Sri Lanka in three ODIs, three T20s, and two tests in January and February, 2027.

The White Ferns women’s team will host Bangladesh for three T20s and three ODIs in December.

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No RCB victory parade in Bengaluru as fans celebrate title win indoors

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The passionate fans will not be able to celebrate Royal Challengers Bengaluru’s title defence with the team after the franchise decided against holding a victory parade in the city in order to avoid the crowd frenzy, which led to last year’s deadly stampede.

Virat Kohli once again delivered on the biggest stage as Royal Challengers Bengaluru defended their IPL title with a five-wicket win over Gujarat Titans in the final in Ahmedabad on Sunday, extending his remarkable run of consistency in a format increasingly dominated by ultra-aggressive batting.

Royal Challengers Bengaluru’s second IPL title win came on Rajat Patidar’s 33rd birthday but more than that happy coincidence the skipper was pleased with his team’s start-to-end domination in the league.

The RCB took such a decision also keeping in mind the swearing-in ceremony of newly-appointed Karnataka Chief Minister DK Shivakumar.

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Rishabh Pant quits LSG captaincy after IPL 2026 debacle

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Rishabh Pant has stepped down as Lucknow Super Giants captain following the IPL 2026 season. During his two-year stint, LSG failed to secure a playoff berth, managing only 10 wins under his leadership. The franchise finished seventh last season and ended this year at the bottom of the table. He was bought for INR 27 crore and was immediately handed the captaincy baton, but absolutely nothing worked well for the franchise since then.

“Lucknow Super Giants wish to formally announce that Rishabh Pant has requested to be relieved from his captaincy duties with the franchise, and the franchise has accepted the request with immediate effect,” LSG’s statement read. 

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