RCB owner Diageo dismisses stake sale reports, calls them 'speculative'

Diageo Plc, owner of Royal Challengers Bengaluru (RCB) through United Spirits, addressed media reports about a potential stake sale in the IPL franchise. The British distiller is reportedly considering a sale, seeking a valuation of nearly $2 billion, influenced by Indian health ministry efforts to curb alcohol brand promotion in the IPL. RCB, recently celebrated its first IPL championship victory.