Bidding will be held for RCB in February, RR-KKR also plans to sell stake; Competition among big investors – rcb sale in february united spirits diageo to sell royal challengers bengaluru kkr stake sale ipl attracts global private equity and indian billionaires

United Spirits (USL), the Indian arm of global liquor company Diageo Plc, has accelerated the process of selling its subsidiary Royal Challengers Sports Private Limited (RCSPL). This company owns the popular IPL team Royal Challengers Bengaluru (RCB). According to sources close to the matter, USL has sought preliminary or non-binding offers by the beginning of February.

Why does United Spirits want to sell RCSPL?

The move follows RCSPL’s strategic review process, which began in November. It is expected to be completed by March 31, 2026. RCSPL is being considered as a non-core asset for USL’s Alcobev business. RCB participates in both the Men’s IPL and the Women’s Premier League (WPL), which are organized by the BCCI every year.

RCB becomes premium asset, more than 50 NDA signed

According to sources, RCB, which won the IPL trophy last year, is a high-value asset. There is tremendous interest in the current sales process. More than 50 NDAs (Non-Disclosure Agreements) have been signed so far. These include Indian strategic investors, global sports funds, private equity funds, sovereign wealth funds, NRI entrepreneurs and high net worth individuals.

Adar Poonawalla to make 'strong and competitive' bid for RCB

Demand for $2 billion valuation

According to a third source, initial bids for RCB have been sought by early February. The sell side is looking for a valuation of around $2 billion for 100 percent stake in RCSPL.

Some potential buyers are estimating the value of the company between $1.5 to $1.7 billion. After due diligence, the picture regarding valuation will be clear at the binding bid stage. Investment bank Citi is handling this deal.

Adar Poonawalla’s entry

On October 9, 2025, Adar Poonawalla, CEO of Serum Institute of India and Chairman of Poonawalla Fincorp, wrote on the social media platform X that RCB is a great team at the right valuation. Last week he made his interest public, saying that he would make a strong and competitive bid for RCB in the coming months.

Serum Institute of India CEO Adar Poonawala hits back at critics: Key Highlights of The Times interview

Investors can form consortium

Signing an NDA does not mean that all parties will make firm bids. According to another source, many investors may consider forming a consortium and bidding in future, because this deal is very big and a big check will have to be written in it.

Possible partnership of Manipal Group, KKR and Temasek

According to sources close to the deal, Dr Ranjan Pai of Bengaluru-based Manipal Group has held advanced talks with American private equity giant KKR. The plan is to form a consortium with KKR as the lead partner. Singapore investment company Temasek can also join as a third investor if needed. A source associated with JSW Group clarified that this group is neither in the race for RCB nor Rajasthan Royals.

RR Team IPL 2025: Are Rajasthan Royals strong enough for another good finish?

Round of M&A in IPL, eye on other teams also

Apart from RCB, the process of selling stake in other IPL teams is also going on. In December 2025, Moneycontrol had reported that there are preparations to sell majority stake in Rajasthan Royals, the target valuation of which has been kept at more than $ 1 billion. The Raine Group has been made the advisor for this deal.

Who are the stakeholders in Rajasthan Royals?

According to reports, British-Indian businessman Manoj Badale’s Emerging Media Ventures holds about 65 percent stake in Rajasthan Royals. RedBird Capital Partners holds about 15 percent and other investors like Fox Corporation’s Lachlan Murdoch are also involved. If Badale wants, he can give up control by keeping a partial stake with himself.

Stake in KKR will also be sold

On December 18, 2025, Moneycontrol had reported that a partial stake sale in Kolkata Knight Riders (KKR) is also being planned. KKR is owned by Knight Riders Sports Private Limited.

In this, Bollywood star Shahrukh Khan’s Red Chillies Entertainment holds 55 percent. At the same time, Mehta Group has 45 percent stake. This team was purchased in 2008 for about $75 million.

Shah Rukh Khan pens a gratitude note to his team KKR and IPL 2024 champions, says, 'this team is built in no hierarchy but pure respect'

IPL is attracting investors

According to Houlihan Lokey’s ‘IPL Valuation Study 2025’, the business value of IPL has increased from $15.4 billion to $18.5 billion by 2023. At the same time, the brand value has increased from $3.2 billion to $3.9 billion.

According to the study, RCB is on top in terms of brand value with $269 million. This is followed by Mumbai Indians, Chennai Super Kings and Kolkata Knight Riders.

Low cost, high revenue model

The report said that IPL franchises get strong and stable revenues due to BCCI’s long media rights contracts and pre-fixed sponsorships. Top teams earn Rs 650 to 700 crore annually, out of which about 80 percent of the earnings are decided even before the start of the tournament.

Talking about expenses, the salary cap of Rs 120 crore per team prevents wage inflation. This maintains balance between all the teams. Also, infrastructure like stadium is provided by BCCI, due to which the model of franchises becomes capital light and returns are better.

Why is IPL special for investors

According to the report of Houlihan Lokey, IPL is not just a sports league but a high-growth business in the entertainment sector. The rapidly growing fan base, rising disposable income and demand for premium content on digital platforms make it extremely attractive for investors.

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Stock Market: How can the market move on 29th January – stock market outlook for 29th January 2026 which stocks are top gainers and losers today

markets

Share Market Today: Indian stock markets closed higher for the second consecutive day on Wednesday, January 28. BSE Sensex closed at 82,344.68, up 487 points or 0.60 per cent. Whereas Nifty increased by 167 points or 0.66 percent and closed at the level of 25,342.75. Due to this boom, investors’ wealth increased by about Rs 6 lakh crore in a day.

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Budget 2026: Sameer Arora says no big announcement is expected, but the market may go up 4-5% due to reduction in capital gains tax – budget 2026 helios capital founder Samir Arora says no expectation of big announcement but is capital gains tax is reduced market may go up 4 5 percent

The eyes of stock investors are on the Union Budget. They hope that some big announcements by Finance Minister Nirmala Sitharaman can bring excitement back into the stock market. The beginning of 2026 has not been good for the stock market. Selling pressure has been seen in the market. However, Helios Capital founder and veteran fund manager Sameer Arora believes that there will be no major announcement on February 1, which will change the direction of the stock market. He said that he does not expect much from the Union Budget.

FPI should not be taxed in India

“There is no hope,” Arora said. However, he said that the government may announce some minor changes in long term capital gains. But, these will not have much impact on the market. He says that Foreign Portfolio Investors (FPIs) should not be taxed in India. They should be taxed in their own country, just as there are tax rules abroad for Indian investors. However, he believes that it is difficult to change the system after the rates increased last year.

Reduction in capital gains tax will have a positive impact on sentiment.

He said that even if in the short term, if capital gains tax is reduced for all investors, it will improve sentiment and increase post-tax returns. He said, “If such an announcement is made, the markets may rise by 4-5 per cent. Tax reduction has a direct impact on investors’ returns. They increase.” He believes that gradually the market sentiment will improve. Earnings growth and global trade development will contribute to this in the next 6-9 months.

Weakness in rupee may increase concerns of foreign investors

The founder of Helios Capital said that the recent decline in the market is being attributed to valuations, whereas in the last years when the market was rising, the valuations were similar. He said that currency weakness could be a matter of concern for foreign investors. Portfolio outflows impact the rupee. Due to this, despite the stability in the stock market, the returns of foreign investors reduce.

Finance Minister will present the budget for the 9th consecutive time on 1st February

Union budget will come on 1 February. Finance Minister Nirmala Sitharaman will present the Union Budget for the 9th consecutive time. This budget is coming at a time when there is uncertainty in the global economy due to tariffs and geopolitical tensions. America has imposed the highest tariff on India, 50 percent, which has affected exports.

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Stock Market Live Update: Sensex rises 200 points, Nifty crosses 25250, graphite approved investment of Rs 4330 crore – live stock market today january 28 updates bse nse sensex nifty latest news crude marico voda idea metro brands vishal mega mart sunteck realty share price

Stock Market Live Update: Larsen & Toubro, Maruti Suzuki India, Bharat Electronics, SBI Life, and other companies will announce their earnings today

Larsen & Toubro, Maruti Suzuki India, Bharat Electronics, SBI Life Insurance Company, ACC, Mahindra & Mahindra Financial Services, Aditya Birla Real Estate, ASK Automotive, Balkrishna Industries, CarTrade Tech, CSB Bank, Gland Pharma, ICRA, Lodha Developers, Novartis India, National Securities Depository, Pine Labs, SBI Cards & Payment Services, Star Health & Allied The insurance company, Sundaram Fasteners, Thyrocare Technologies, and TVS Motor Company will announce their quarterly earnings today.

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Stock Market Today: The impact of these news will be visible on the market today, take a look at them before taking any trade – stock market today top 10 news market outlook for January 28 trends in the gift nifty

Market News: On the first day of the February series, there are good signs for the market. A slight rise is being seen in Gift Nifty. FIIs have sold Rs 3000 crore in cash. But DIIs have purchased almost three times. There is pressure in Asia, whereas yesterday in America Dow Jones closed with a fall of 400 points. But the S&P seemed to be reaching a new peak. Nasdaq also had a rise of about one percent. Stay tuned to Moneycontrol to know what’s happening in the currency and equity markets today. Here we are releasing for you a list of today’s important news running on various news platforms which can affect the Indian and international markets.

US market

On Tuesday, the Dow Jones Industrial Average fell 408.99 points, or 0.83%, to 49,003.41, the S&P 500 rose 28.37 points, or 0.41%, to 6,978.60 and the Nasdaq Composite added 215.74 points, or 0.91%, to 23,817.10.

3% rise in crude, gold at new peak

There has been a 3% jump in crude oil prices due to the impact of the snow storm in America on production. Its price has crossed 67 dollars. On the other hand, the shine of gold and silver has increased due to the dollar index reaching its lowest level in 4 years. Gold has reached a new peak near $5200. The momentum in silver also continues.

Marico’s Q3 results as per estimates

Marico’s results in the third quarter were as per expectations. The company has seen an increase of 13 percent in profit and 27 percent increase in income. But there has been pressure on margins of about two and a half percent. Volume growth in the Indian market has been 8%. According to the management, there are signs of recovery in consumption trends.

Vodafone’s loss reduced in Q3

Vodafone Idea has suffered less loss as compared to the previous quarter. The company has suffered a loss of Rs 5,286 crore in Q3. Kanso losses also include one-time income of Rs 1078 crore. There has been an increase of one percent in revenue. ARPU has increased by more than 7 percent to Rs 186.

Results of 4 Nifty companies today

Today is a big day in terms of results. Today the results of 4 Nifty companies L&T, MARUTI, BEL and SBI LIFE will come. L&T’s profit may increase by 31%. Margins may also show improvement. At the same time, the results of 5 futures companies including TVS Motor, SBI Card will also be awaited.

fund flow action

On January 27, foreign institutional investors (FIIs) were net sellers in the equity market, selling shares worth over Rs 3,000 crore, while domestic institutional investors (DIIs) provided strong support by buying shares worth about Rs 9,000 crore.

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Stock Market: How can the market move on 28th January – stock market outlook for 28th January 2026 which stocks are top gainers and losers today

markets

Share Market Today: After highly volatile trading, the Indian stock markets closed in the green on Tuesday, January 27. BSE Sensex closed at 81,857.48 with a gain of 319.78 points or 0.39 percent. Nifty rose 126.75 points or 0.51 percent to reach the level of 25,175.40. Although the market started the trading with a decline

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India-EU Trade Deal: Car, chocolate, wine will be cheaper in India – which products will become cheaper due to india eu free trade deal watch video to know

markets

India-EU Trade Deal: The deal which was awaited for a long time between India and the European Union has finally been done. Under this, the import duty on import of cars from the European Union (EU) will be reduced to 10%. A quota has also been fixed for this. Know what things have been decided under this deal and the vehicles of which companies will be affected by it? Know the details of not only the vehicles but also what will become cheaper due to the deal.

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Vodafone Idea Q3 Results: Vodafone Idea loss reduced, revenue and EBITDA improved; Shares will be in focus – vodafone idea q3 results loss narrows to rs 5286 crore arpu rises to rs 186 ebitda margin improves share price in focus

Vodafone Idea Q3 Results: Telecom company Vodafone Idea Ltd has shown signs of gradual improvement on its financial front in the December quarter (Q3). Due to better ARPU and operating performance, the company’s loss has reduced compared to the previous quarter, although the challenges are not completely over yet.

Loss reduced, revenue and EBITDA improved

Vodafone Idea reported a net loss of ₹5,286 crore in Q3, down from a loss of ₹5,524 crore in the previous quarter. On a quarterly basis, the company’s revenue increased by 1.1% to ₹ 11,323 crore.

Whereas EBITDA increased by 2.8% to reach ₹4,817 crore. During this period, EBITDA margin also improved from 41.8% to 42.5%.

Increase in ARPU, 4G-5G users increased

The company’s ARPU increased to ₹186 in the December quarter, from ₹173 a year ago. That means an increase of 7.3% was recorded on an annual basis, the main reason for which was customers upgrading to better plans.

The total subscriber base of the company was 19.29 crore. In this, the number of 4G and 5G users increased to 12.85 crore, which was 12.6 crore in the same period last year.

Capex and fund raising status

Vodafone Idea’s capital expenditure in the December quarter stood at ₹2,252 crore. Total capex in the first nine months of FY26 reached ₹6,448 crore.

The company’s bank debt as of December 31, 2025 was ₹1,126 crore. The company raised ₹3,300 crore through non-convertible debentures (NCDs) during the quarter. Whereas cash and bank balance stood at ₹6,963 crore.

NCD funding before AGR

Vodafone Idea said the fund raising through NCD was completed even before there was clarity on the AGR issue, which shows the confidence of lenders.

Vodafone Group is also supporting the closure of CLAM receivables worth ₹6,394 crore. AGR payment is no longer a pre-condition. Of this amount, about ₹2,300 crore is expected to be received in the next 12 months.

Complete schedule of AGR liability

According to Vodafone Idea, the company’s AGR liability is frozen at ₹87,695 crore till December 31, 2025, although its reassessment is underway. The company will have to pay ₹124 crore every year from FY26 to FY31.

After this, annual payment of ₹100 crore is scheduled from FY32 to FY35. The remaining amount will be paid in six equal installments between FY36 to FY41.

Vodafone share status

Ahead of the results announcement, Vodafone Idea shares closed at ₹9.89, down 0.40% on NSE. The stock is down 17.31% in the last 1 month. However, the stock has given a return of 38.71% in the last 6 months. The market cap of the company is Rs 1.07 lakh crore.

Stocks to Watch: These 13 stocks will be in focus on Wednesday, January 28, big movement can be seen

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

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Q3 Results: Strong performance by jewelery company! Big jump in profit-revenue, plan to open 100 new showrooms – pc jeweler q3 results show strong profit growth revenue surge and plan to open 100 franchise showrooms

PC Jeweler Q3 Results: Leading jewelery company PC Jeweler has recorded strong results in the December quarter. The company’s net profit increased by 31% year-on-year to ₹190 crore. It was ₹145 crore in the same quarter last year. This increase in profit was seen due to strong demand during the festive and wedding season and better operating leverage.

PC Jeweller’s revenue from operations jumped 37% to ₹875 crore from ₹639 crore a year ago. The direct impact of strong topline growth was also visible on operating performance.

Nearly 80% jump in EBITDA

PC Jeweller’s EBITDA grew by nearly 80% year-on-year to ₹201.3 crore. It was ₹112 crore in the same quarter last year. This major improvement in operating performance was due to better scale and cost control.

Improvement in margin and profit before tax

EBITDA margin expanded to 23% in the December quarter from 17.5% a year ago. Profit before tax (PBT) stood at ₹189 crore, compared to ₹146 crore in Q3FY25. These figures show improvement in the operational efficiency of the company.

Strong financial track record of 9 months

PC Jeweller’s revenue grew 57% to ₹2,426 crore for the nine months ending December 31, 2025. During this period, PBT increased by 58% to ₹557 crore. At the same time, the net profit for nine months was ₹ 562 crore, which was ₹ 483 crore in the same period last year.

Big progress towards debt reduction

PC Jeweler said that she is continuously moving towards becoming debt free. Since the settlement agreement with banks in September 2024, the company has reduced its outstanding debt by about 68%. The company expects that by March 2026, the remaining bank loan will be completely repaid from the proceeds from conversion of preferential warrants.

Big plan for franchise expansion

On the business front, the board has approved a plan to open up to 100 large franchise showrooms in the next 12 to 18 months without additional capital investment. Additionally, the company has signed an MoU with the Government of Uttar Pradesh under the CM-YUVA scheme. This will encourage the expansion of jewelery franchise units in rural and semi-urban areas.

Changes in the management of PC Jeweler

The board of PC Jeweler has approved the appointment of Vivek Jain as Chief Information Officer (CIO) with effect from 1 February 2026. Also, the resignation of Sheeba Anand from the post of President (Retail Operations) has been accepted.

Status of PC Jeweler shares

Shares of PC Jeweler closed 1.03% higher at ₹10.80 on Tuesday ahead of December quarter results. This stock has registered a rise of 22.45% in the last one month. However, the stock is down 26.63% in the last 6 months. The market cap of the company is Rs 8.01 thousand crore.

Motilal Oswal Q3 Results: Motilal Oswal made profit of ₹ 565 crore, revenue increased by 18%; declaration of dividend

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

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Urban Company Shares: Urban Company shares fell 7%, price fell 44% from listing high, know the reason – urban company share price falls 7 percent after q3 results lowest level seen since ipo listing

Urban Company Share Price: Strong selling was seen in the shares of Urban Company on Friday. After the weak December quarter results, the company’s shares fell by about 7 percent to Rs 116.58. This is its lowest level ever since its listing in September 2025. At the current price, this stock is trading about 44 percent below the high made after its listing.

December quarter results

Urban Company released its December quarter results of the current financial year on January 23. The company said that its revenue in the December quarter increased by 33 percent year-on-year to Rs 382.68 crore, which was Rs 287.92 crore in the same period a year ago.

Effect of InstaHelp

Urban Company’s adjusted EBITDA loss stood at Rs 17 crore. This was mainly due to the huge investments being made in InstaHelp, in which the company suffered an adjusted EBITDA loss of ₹61 crore. The company clarified that its core business, excluding InstaHelp, was successful in delivering an adjusted EBITDA profit of ₹44 crore.

“Our consolidated business achieved breakeven at adjusted EBITDA level during FY25. However, due to increased investment in InstaHelp, this business may remain loss-making for the next few quarters. The opportunity for InstaHelp is large and immediate, and we are committed to maintaining market leadership in this segment,” the company said in the statement.

Share performance after listing

The shares of Urban Company made a strong entry in the stock market on 17 September 2025. The share was listed on NSE at ₹162.25, which was about 57 percent premium over the IPO price. On the day of listing, the stock ended the trade with a gain of about 64 percent.

After this, the stock continued to rise for the next few days and it reached the level of ₹ 201.18.

However, since that high, the stock has seen continuous pressure. At the current price it is about 28 percent below the listing price. However, it still remains about 13 percent above its IPO price of Rs 103.

Disclaimer: The views and investment advice given by experts/brokerage firms on Moneycontrol are their own and not those of the website and its management. The website or management is not responsible for this. Moneycontrol advises users to consult certified experts before taking any investment decision.

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