UK's Diageo rises as company explores options for stake in Indian cricket team

United Spirits

10/06/2025 09:09

** Shares of Diageo DGE.L up 1.7% at 2,007p, among top gainers on the FTSE 100 index .FTSE

** The British spirits maker considers options for a stake in the Indian Premier League cricket franchise Royal Challengers Bengaluru (RCB), which includes sale of part or all of the club, according to a Bloomberg news report

** DGE may seek a valuation of as much as $2 billion, people familiar with the matter said

** Discussions still in early stages, no final decision made

** Co owns the team through its Indian unit United Spirits Limited UNSP.NS

** YTD, DGE stock down 21.58% and UNSP at 0.08%

 (Reporting by Rishab Shaju in Bengaluru)

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