(C): X
Serum Institute of India CEO Adar Poonawalla confirmed on January 22, 2026, his intent to submit a “strong and competitive” bid for a stake in IPL franchise Royal Challengers Bengaluru (RCB), the 2025 champions owned by Diageo via United Spirits. In a X-post, the pharma magnate already investing in Dharma Productions indicated that it was something serious when it was reported that there was a possible sale of the company at 2 billion dollars. The move by Poonawala comes after his tweet in October 2025 which alludes to the fact that at the right price, RCB is a great team making him a favourite. The acquisition would remake the ownership of the fan favorite franchise that is highly valued following the conclusion of an 18 year title dry-up. No financial information and timeline was revealed, but there are speculations that there will be partial or full acquisition in the next few months.
RCB aims at valuation of about 17, 500 crore (2 billion dollars) after the 2025 IPL and WPL. Diageo tries divestment and this is of interest to the investor.
Having more than 20 billion net worth, Poonawala diversifies into sport and entertainment. The announcement is amplified by the fact that he has 1.3M X people who follow him.
Disclaimer: Stay updated with the latest news, from politics to business trends, while also catching up on the latest news in sports covering matches, scores, and tournaments. Explore the latest news in entertainment with celebrity updates, movies, and shows, and don’t miss the latest news in games, featuring trending releases and esports highlights.
Thailand is experiencing one of the most threatening heatwaves in recent history, and the government is sending serious alerts of…
The Middle East travel corridor is opening sooner than anticipated as Qatar Airways officially opened important routes in the region…
With the first high-speed railway opening in Vietnam, it is entering a new age of transportation. The Hanoi–Quang Ninh High-Speed…
The Korea Duty-Free FESTA 2026 starts the countdown with the official start of the occasion on April 25 with preparations…
Beginning tomorrow, April 24, 2024, the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) Japan is implementing some of the…
If you have missed the peak of the Lyrid meteor shower then you need not worry. Although the peak activity…
This website uses cookies.
Read More