According to the report of Cricbuzz, the company said in the official information sent to Bombay Stock Exchange (BSE) that this process has already started and it is expected to be completed by March 31, 2026. Praveen Someswar, MD and CEO of United Spirits Ltd, the Indian unit of Diageo, has described this as a step taken for “long-term value creation” of the company.
“RCSPL is an important but non-core asset for us. This move is in line with the review of the company’s portfolio and strengthening long-term value creation,” he said.
This announcement is being considered a sign of large-scale restructuring in the Indian unit of Diageo. According to reports, after the news came out, many corporate houses and investors have shown interest, which include names like Adar Poonawala and Delhi Capitals co-owner Parth Jindal.
In such a situation, this news may surprise the fans, because last season the team had won its first IPL title after 18 years.
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