Aditya Birla Group Acquires Full Ownership of Royal Challengers Bangalore

Aditya Birla Group Acquires Full Ownership of Royal Challengers Bangalore

The Aditya Birla Group has acquired full ownership of the Indian Premier League team Royal Challengers Bangalore, the company announced on Monday. The acquisition is part of the group's expansion into the sports industry. The group has been associated with the team since 2010 and has been a minority stakeholder. The terms of the acquisition were not disclosed. The Aditya Birla Group is a multinational conglomerate with interests in various sectors including textiles, metals, and telecommunications. The acquisition is expected to boost the team's performance and provide a platform for the group to expand its presence in the sports industry.