Bengaluru, March 24 -- Royal Challengers Bengaluru (RCB) have been bought for a huge INR 166.6 billion (around Rs 16,660 crore) by a high-profile consortium. The group, led by the Aditya Birla Group along with The Times of India Group, Bolt Ventures, and Blackstone, will take full ownership of RCB, including both its IPL and Women's Premier League (WPL) teams.

According to a release from the United Spirits Limited, United Spirits Limited (USL), pursuant to the meeting of its Board of Directors, today announced that it has entered into definitive agreements for the sale of the 100% equity stake held in its wholly owned subsidiary Royal Challengers Sports Private Limited (RCSPL) to a consortium comprising Aditya Birla Group (ABG), The Time...