India's Sun TV Network, RPSG Ventures jump after RCB deal boosts IPL valuations

Sun TV Network

25/03/2026 04:10

** Shares of Indian broadcaster Sun TV Network SUTV.NS and IT services firm RPSG Ventures RPSG.NS rise as much as 5% and 17%, respectively

** United Spirits UNSP.NS to sell entire stake in Indian Premier League franchise Royal Challengers Bengaluru for $1.78 billion

** Stake sold to a consortium comprising Aditya Birla Group, Times of India Group, Bolt Ventures, and Blackstone BX.N

** ICICI Securities says a key trend in these deals is the shift from individual ownership to institutional and consortium-based ownership and IPL's evolution as a global sports asset class

** The biggest beneficiaries of the valuation reset are likely to be Sun TV and RPSG ventures - ICICI Securities

** Sun TV and RPSG ventures are owners of cricket franchises Sunrisers Hyderabad and Lucknow Super Giants

** RPSG up 15.5% to 93 rupees, SUTV up 2% at 628 rupees

** SUTV rated "buy" on avg; median PT at 650 rupees - data compiled by LSEG

** YTD, SUTV up 8%, RPSG down 12%

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters.com))