Diageo India has refuted media reports suggesting the sale of its Royal Challengers Bengaluru (RCB) IPL franchise, labeling them as speculative. Despite the denial, speculation persists, fueled by a Bloomberg report and a subsequent rise in United Spirits’ shares. There are also murmurs about Diageo valuing the RCB franchise at around USD 2 billion. Diageo India has refuted media reports suggesting the sale of its Royal Challengers Bengaluru (RCB) IPL franchise, labeling them as speculative. Despite the denial, speculation persists, fueled by a Bloomberg report and a subsequent rise in United Spirits’ shares. There are also murmurs about Diageo valuing the RCB franchise at around USD 2 billion.