{"id":385810,"date":"2026-01-23T09:33:06","date_gmt":"2026-01-23T09:33:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/385810\/"},"modified":"2026-01-23T09:33:06","modified_gmt":"2026-01-23T09:33:06","slug":"ipl-and-wpl-adar-poonawalla-states-intent-to-bid-for-rcb-ownership","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/385810\/","title":{"rendered":"IPL and WPL – Adar Poonawalla states intent to bid for RCB ownership"},"content":{"rendered":"

Adar Poonawalla, the CEO of the Serum Institute of India and chairman of the Poonawalla Fincorp, has expressed interest in buying Royal Challengers Bengaluru<\/a> (RCB).<\/p>\n

“Over the next few months, will be putting in a strong and competitive bid for RCB, one of the best teams in the IPL,” Poonawalla posted on X on Thursday. In October last year, he had also said on X that “at the right price, RCB is a great team.”<\/p>\n

Poonawalla, 45, heads the biotechnology and pharmaceuticals company Serum Institute of India, which is the world’s largest manufacturer of vaccines by volume.<\/p>\n

In November last year, ESPNcricinfo had reported<\/a> that Diageo, the multinational alcoholic beverage company that owns RCB had taken the first steps towards divesting its stake in the franchise.<\/p>\n

In a filing with India’s market regulator, the Securities and Exchange Board of India (SEBI), Diageo said it was conducting a “strategic review” of its investment in RCB through Royal Challengers Sports Private Limited (RCSPL) – the parent company that owns the men’s and women’s teams. The review is expected to be completed by March 31, 2026, the end of India’s financial year.<\/p>\n

Among the most popular IPL teams, RCB was the second most expensive franchise when the tournament was launched in 2008 – bought for USD 111.6 million.<\/p>\n","protected":false},"excerpt":{"rendered":"Adar Poonawalla, the CEO of the Serum Institute of India and chairman of the Poonawalla Fincorp, has expressed…\n","protected":false},"author":2,"featured_media":385811,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[132648,1721,36623,49,50,132647,101,56,54,55],"class_list":["post-385810","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cricket","tag-bulletin","tag-cricket","tag-daily","tag-headlines","tag-news","tag-package","tag-sports","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/385810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=385810"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/385810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/385811"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=385810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=385810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=385810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}