New Delhi, March 26 (IANS) Former owner of Royal Challengers Bengaluru (RCB) Vijay Mallya reacted to the franchise’s record-breaking sale after a consortium, led by Aditya Birla Group, completed the acquisition of the franchise for Rs 16,660 crore and said it’s gratifying to see his Rs 450 crore investment has grown exponentially over the years”. Bolt Ventures (Bolt) and Blackstone’s perpetual private equity strategy (BXPE, Blackstone) are the other members of the consortium that have jointly bo…
Latest Aditya Birla Group News & Updates
New Delhi, March 25 (IANS) Aryaman Vikram Birla will become the new chairman of the Royal Challengers Bengaluru after a consortium led by the Aditya Birla Group and Times Internet Limited acquired the defending Indian Premier League (IPL) and Women’s Premier League champions for Rs 16,660 crore. Bolt Ventures (Bolt) and Blackstone’s perpetual private equity strategy (BXPE, Blackstone) are the other members of the consortium that have jointly bought the RCB, one of the eight original franchises o…
New Delhi, March 24 (IANS) A consortium led by Aditya Birla Group and the Times of India Group has acquired the defending Indian Premier League (IPL) champions Royal Challengers Bengaluru (RCB) for USD 1.78 billion (Rs 16,725 crore approx), a news report claimed on Tuesday.Bolt Ventures (Bolt) and Blackstone’s perpetual private equity strategy (BXPE, Blackstone) are the other members of the consortium that have jointly bought the Royal Challengers Bengaluru, one of the eight original franchises …
Mumbai, March 24 (IANS) A consortium led by Aditya Birla Group and the Times Internet Limited has acquired the defending Indian Premier League (IPL) and Women’s Premier League champions Royal Challengers Bengaluru (RCB) for INR 16,660 crore, the owners of the franchise informed regulatory bodies on Tuesday.United Spirits Ltd, the owners of the franchise, made this disclosure in mandatory regulatory filings with the Bombay Stock Exchange and the National Stock Exchange of India on Tuesday.Bolt Ve…
Mumbai, Feb 12 (IANS) Hindalco Industries, the flagship metals company of the Aditya Birla Group, on Thursday reported a 45 per cent fall in its consolidated net profit for the December quarter (Q3 FY26).The company’s net profit declined to Rs 2,049 crore in the December quarter, compared with Rs 3,735 crore in the same period last financial year (Q3 FY25), according to its stock exchange filing.On a sequential basis, profit after tax fell even more sharply by 57 per cent from Rs 4,741 crore r…
New Delhi, Feb 3 (IANS) Leading industrialists have welcomed the historic India-US trade deal, saying that the reduced 18 per cent tariffs will help strengthen the strategic and economic ties between the two great countries.Anand Mahindra, Chairman of Mahindra Group, wrote in a post on X, “More evidence of the benefits of ‘Making haste slowly.’”“When the noise subsides, two natural partners will come together,” he posted.Kumar Mangalam Birla, Chairman of Aditya Birla Group, applauded…
New Delhi, Jan 28 (IANS) Aditya Birla Group Chairman Kumar Mangalam Birla on Wednesday said that India’s steady economic growth stands out as a rare constant at a time when the world is facing political uncertainty, shifting trade rules and changing global alliances.In the seventh edition of his ‘Annual Reflections’ note, Birla said that while the global environment remains unsettled, India’s growth story continues to show durability and resilience.He described the note as a personal exe…