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Poonawalla in race to buy RCB
Hindustan Times Gurugram
|October 01, 2025
RCB won the IPL 2025 title.
Adar Poonawalla, owner of the vaccine maker Serum Institute, is evaluating a deal to buy the Indian Premier League team Royal Challengers Bengaluru ata valuation of up to $1-1.2 billion, a person directly aware of the development said.
Poonawalla, who also owns a 50% stake in film producer Dharma Productions, is interested in acquiring the entire franchise, rather than just a minority stake, CNBC-TV-18 reported earlier on Tuesday. Bloomberg first reported in June that Diageo was looking to sell its nearly 18-year-old team, but the company then denied the report.
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