Diageo to Sell Royal Challengers Bengaluru for $1.8 Billion, Reducing Debt
ByAinvest
Wednesday, Mar 25, 2026 4:15 am ET1min read
DEO--
Diageo's sale of Indian cricket franchise Royal Challengers Bengaluru for $1.8 billion will help the UK drinks giant reduce debt. The deal between Diageo's subsidiary United Spirits and a Blackstone-backed consortium comes as Diageo aims to reduce its debt pile, which stood at £10.9 billion at the end of last year. The sale is expected to generate a profit of £300-£400 million for Diageo.
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