Overview

• United Spirits filed with the Bombay Stock Exchange to clarify that reports of a stake sale are speculative and that no discussions are underway.
• Bloomberg’s report that Diageo was exploring options to divest part or all of the IPL franchise at a potential $2 billion valuation prompted the denial.
• RCB’s first-ever IPL title win in 2025 boosted its brand but was marred by a stampede during victory celebrations that killed 11 fans.
• India’s health ministry is pushing to ban indirect alcohol and tobacco advertising in the IPL, raising questions over sponsorship models.
• Diageo has been reviewing non-core assets as its US business faces tariff burdens and slowing demand for premium spirits.