New Delhi, March 24 -- In one of the biggest ownership changes in Indian Premier League history, a powerful consortium led by Aditya Birla Group and The Times of India Group has acquired the Royal Challengers Bengaluru (RCB) franchise for USD 1.78 billion (approximately INR 16,732 crore). The deal includes both the men's IPL team and the women's WPL side, marking a new era for the popular Bengaluru-based franchise.

The consortium comprises Aditya Birla Group (ABG), The Times of India Group (ToI), Bolt Ventures, and Blackstone's perpetual private equity strategy (BXPE). They have signed a definitive agreement with United Spirits Limited (USL), a subsidiary of UK-based Diageo plc, to take full 100% ownership of RCB.

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