UK's Diageo pares gains as unit denies RCB stake sale media report

United Spirits

10/06/2025 12:16

Updates

** Shares of British spirits maker Diageo DGE.L pared gains and up about 0.5% at 1,982p by 1108GMT.

** Co's Indian unit United Spirits UNSP.NS says media reports about potential stake sale of Indian Premier League cricket franchise Royal Challengers Bengaluru (RCB) are speculative

** UNSP, via which DGE owns the franchise, says not pursuing any such discussions

** Shares were up 1.9% at 2,012p early on Thursday after media reports about Diageo considering options for its stake in RCB

** DGE has been holding discussions with potential advisers as it weighs possibilities including a sale of part or all of the club, Bloomberg News had reported

** YTD, DGE stock down 21.8% and UNSP down 1.3%

 (Reporting by Rishab Shaju in Bengaluru)

 ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))