Adar Poonawalla's interest in RCB aligns with his diversification plans. (Photo Source: BCCI) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Billionaire Adar Poonawalla, the chief executive officer of Serum Institute of India, is in talks to buy the Royal Challengers Bangalore (RCB) franchise, along with other bidders, sources told NDTV Profit. The negotiations are still ongoing, according to the persons privy to the development. The Bengaluru-based Indian Premier League (IPL) team seeks a one-time payment for the franchise, they added.

It should be noted that Poonawalla's interest in RCB aligns with his diversification plans.

RCB is currently owned by United Spirits Limited, a Diageo Group company. In June, Diageo Plc. was considering options for the ownership for RC

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