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RCB ownership may change hands after IPL 2025 win, Diageo explores $2 billion sale

Diageo Plc may sell Royal Challengers Bengaluru after IPL 2025 win, aiming for a valuation of up to $2 billion.

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RCB to sell franchise

Just a week after Royal Challengers Bengaluru (RCB) celebrated their historic Indian Premier League (IPL) 2025 title win, current owner Diageo Plc is reportedly exploring options to sell the franchise. The British liquor giant is said to be considering both partial and complete stake sales, with an estimated valuation of up to USD 2 billion (approximately INR 16,834 crore).

Diageo eyes monetisation of RCB success

Diageo Plc, through its Indian subsidiary United Spirits Ltd, is in preliminary talks with potential investors and is engaging advisors to evaluate the deal. The move is seen as an effort to monetise the brand’s surge in value following RCB’s long-awaited IPL triumph — their first since the league’s inception in 2008.

While there has been no official confirmation or finalized decision, the reported interest reflects a strategic shift by Diageo, which is assessing its long-term plans with the franchise. The valuation talks have reportedly been inspired by the franchise’s massive popularity and recent success.

Share price surge and tragedy dampen celebrations

Following reports of the potential sale, shares of United Spirits saw a jump of up to 3.3% in Tuesday morning trading, indicating positive investor sentiment.

However, the post-victory euphoria was overshadowed by a tragic incident during RCB’s celebratory event at Bengaluru’s M Chinnaswamy Stadium, where 11 fans lost their lives. The incident cast a shadow over the historic title celebrations and momentarily subdued the jubilant mood.

A look back: How Diageo came to own RCB

RCB was originally bought by liquor baron Vijay Mallya when the IPL launched in 2008. Financial troubles and debt eventually forced Mallya to relinquish control, paving the way for Diageo to acquire the franchise via United Spirits.

Despite RCB’s past struggles to clinch a title, the team has always commanded one of the largest and most passionate fanbases in global cricket, bolstered by high-profile players and a strong digital presence.

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West Bengal Governor dissolves Assembly amid political transition 

Governor R N Ravi dissolved the West Bengal Assembly after the 2026 poll results, with the BJP securing a majority in the state elections.

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The West Bengal Legislative Assembly was dissolved following the conclusion of the 2026 Assembly elections, in which the Bharatiya Janata Party secured a clear majority in the state.

Governor R N Ravi issued the order dissolving the Assembly as the state prepared for the transition of power after the election results. According to reports, the BJP won 207 seats in the 294-member Assembly, while the Trinamool Congress secured 80 seats.

Chief Minister Mamata Banerjee questioned the election outcome and alleged irregularities in the poll process, claiming the mandate had been “looted”.

The dissolution came as the tenure of the existing Assembly ended on May 7, 2026. The development has sparked political discussions over the formation of the next government in the state.

Meanwhile, Mamata Banerjee held a meeting with newly elected Trinamool Congress MLAs in Kolkata and reportedly raised concerns over internal sabotage during the elections.

The BJP is expected to begin the formal process of government formation in West Bengal after its decisive victory in the Assembly polls.

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Eknath Shinde’s helicopter returns to Mumbai mid-flight due to bad weather

Maharashtra Deputy Chief Minister Eknath Shinde’s helicopter was forced to return to Mumbai after the pilot detected approaching storm conditions during a flight to Thane district.

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Eknath_shinde (1)

A helicopter carrying Maharashtra Deputy Chief Minister Eknath Shinde was forced to return to Mumbai on Thursday after encountering adverse weather conditions during a flight to Thane district.

According to officials, Shinde had departed from Mahalaxmi Racecourse in south Mumbai around 3.30 pm and was travelling to Murbad in Thane district to attend a wedding function related to a party worker’s family.

The helicopter reportedly reached the Airoli area in Navi Mumbai when the pilot noticed an approaching storm and informed the deputy chief minister about the deteriorating weather conditions. Following the alert, the flight was turned back as a precautionary measure.

The helicopter later landed safely at the Pawan Hans facility in Juhu, Mumbai. Officials said Shinde was accompanied by members of his staff, including personal assistant Prabhakar Kale, special executive officer Balsingh Rajput and media adviser Vinay Patrdukar.

The incident comes amid changing weather conditions and storm activity reported in parts of Maharashtra in recent days.

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Nitish Kumar’s son Nishant among 32 inducted in Bihar cabinet expansion

Nishant Kumar entered the Bihar cabinet for the first time as 32 ministers from NDA allies took oath in a major expansion of the state government.

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Bihar government cabinet

A major cabinet expansion took place in Bihar on Thursday, with 32 leaders from the ruling NDA alliance inducted into the state government. Among the prominent names was Nishant Kumar, son of former Bihar chief minister Nitish Kumar, who entered the cabinet for the first time.

The expansion included representatives from all major NDA allies in the state. According to reports, the BJP secured 15 ministerial berths, while JD(U) got 13 positions. Two ministers were inducted from Lok Janshakti Party (Ram Vilas), while Hindustani Awam Morcha and Rashtriya Lok Morcha received one berth each.

The oath-taking ceremony was held in Patna in the presence of senior NDA leaders, including Prime Minister Narendra Modi, Union Home Minister Amit Shah and Defence Minister Rajnath Singh.

Nishant Kumar’s induction comes weeks after he formally entered active politics. His entry into the Bihar cabinet is being viewed as a significant development for JD(U), which had long projected an anti-dynasty image under Nitish Kumar’s leadership.

The cabinet reshuffle follows Nitish Kumar’s move to the Rajya Sabha earlier this year and the formation of the government led by Chief Minister Samrat Choudhary.

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