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RCB sale: Poonawalla to place ‘strong and competitive bid’
Hindustan Times Pune
|January 23, 2026
Adar Poonawalla, owner of the vaccine maker Serum Institute, officially confirmed on Thursday that he will be putting in a “strong and competitive bid” for Indian Premier League team Royal Challengers Bengaluru over the next few months.
RCB's Virat Kohli.
(GETTY)
“Over the next few months, will be putting ina STRONG and COMPETITIVE bid for @RCBTweets, one of the best teams in the IPL,” Poonawalla said on his official X account.
This official confirmation came after speculation began in September that he is one of the frontrunners to acquire the franchise after exiled former IPL chairman Lalit Modi tweeted about the possibility of Diageo India ~ RCB's current owners~deciding to put the franchise up for sale.
Among his other ventures, Poonawalla also owns a 50% stake in Dharma Productions worth ₹1000 crore. He was also appointed the chairman of Poonawalla Fincorp after acquiring a 66% stake in the financial services company.
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