The company denied reports of selling RCB.

United Spirits, the maker of McDowell’s whisky, has denied reports of selling a stake in IPL team Royal Challengers Bangalore (RCB). The company said – We would like to state that the news of selling a stake in RCB is purely based on speculation. The company is not discussing any such thing. Earlier, a Bloomberg report quoted sources as saying that United Spirits (USL) is considering selling RCB for $2 billion, i.e. around Rs 17,000 crore. USL was previously owned by Vijay Mallya. When Mallya went bankrupt, it was bought by British liquor company Diageo. Diageo became the owner of RCB.

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