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United Spirits shares set to react after RCB deal brings ₹16,600 crore windfallFor financial year 2025, Royal Challengers Bengaluru reported revenue of ₹504 crore, along with Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of ₹186 crore, according to United Spirits' annual report.By Mangalam Maloo   |  Hormaz Fatakia   March 25, 2026, 7:00:49 AM IST (Published)2 Min ReadShares of United Spirits Ltd. are set to react on Thursday, March 25, after the company completed the sale of its Indian Premier League (IPL) franchise Royal Challengers Bengaluru (RCB) for ₹16,600 crore ($1.78 billion).

The bid was won by a consortium led by the Aditya Birla Group, Brookfield, Times Internet and Bolt Ventures.

Valuation of the deal is in-line with the figures ascribed by analysts, which ranged between $1.5 billion to $2 billion.

RCB's current valuation stands at nearly 17% of United Spirits' current market capitalization, which is close to ₹1 lakh crore (₹96,563 crore) as of closing on Tuesday.

RCB In Numbers

For financial year 2025, Royal Challengers Bengaluru reported revenue of ₹504 crore, along with Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of ₹186 crore, according to United Spirits' annual report.

The franchise nearly replicated these numbers in the first half of financial year 2026, with revenue of ₹478 crore and EBITDA of ₹225 crore, which is already higher than the entire financial year 2025 figure.

What To Track Next

The most important factor that will be tracked by the street will be the net proceeds that the company will receive after the taxes paid, and the amount that will subsequently be distributed to shareholders, if any.

Dividend Payout Scenario

According to Nirmal Bang Research, a 100% payout ratio to shareholders would amount to a dividend payout of ₹199 per share to shareholders.

Similarly, a 50% payout ratio will bring that number down to ₹98 per share.

Rub-Off Impact

RCB's sale also brings other IPL franchises and their listed entities into the spotlight, particularly Sun TV, which owns Sunrisers Hyderabad.

The valuation of Sunrisers Hyderabad is 65% of Sun TV's overall market capitalization.

The other stock that comes into focus is RPSG Ventures, which owns Lucknow Supergiants.

Shares of United Spirits ended 4.4% higher on Tuesday at ₹1,331.5. The stock is down 6% in the last one month and 20% from its 52-week high of ₹1,645.Continue ReadingTagsRoyal Challengers Bangalore RCBshare market todayUnited SpiritsUnited Spirits Ltd USL