The owners of Royal Challengers Sports Pvt Ltd (RCSPL), a subsidiary of United Spirits Ltd (USL), announced a strategic review of their investment in the organization that owns the IPL T20 team, Royal Challengers Bengaluru. USL, part of the multinational alcoholic beverages company Diageo, disclosed to the exchanges that it is “initiating a strategic review” of its investment in RCSPL. The subsidiary’s business includes ownership of the Royal Challengers Bengaluru (RCB) franchise, which competes in the Men’s Indian Premier League (IPL) and Women’s Premier League (WPL), both overseen by the Board of Control for Cricket in India (BCCI).
In related news, RBL Bank revealed that an open offer from Emirates NBD Bank will begin on December 12, with plans to acquire up to 26 percent of public shares by December 26. The offer aims to purchase up to 415,586,443 shares at ₹280 each, representing a total of 26 percent of the expanded voting share capital. Last month, Emirates NBD Bank, the UAE’s second-largest bank, announced its intention to acquire a majority 60 percent stake in RBL Bank for ₹26,853 crore, marking the largest financial sector deal in India by value.
Britannia Industries announced the appointment of Rakshit Hargave as its new Chief Executive Officer and Executive Director, effective December 15, 2025. The company’s board approved this appointment during a meeting on Wednesday, designating Hargave as an Additional Whole-Time Director and CEO for a term of five years, pending shareholder approval.
CE Info Systems Ltd, the parent company of MapmyIndia, has secured a contract from the Survey of India (SoI) to develop a National Geo-Spatial Platform, a pioneering initiative designed to enhance India’s geospatial capabilities.
Shares of Asian Paints and Grasim Industries are expected to attract attention following Hargave’s resignation as CEO of Grasim Industries’ paints division, Birla Opus, effective November 1, 2025. Nuvama Institutional Equities termed the decision “very surprising,” citing limited growth in Birla Opus over the past six to seven months. The brokerage maintained a ‘Buy’ rating on Asian Paints, which has reportedly intensified its market activity in recent quarters.
Gulf Oil Lubricants’ board has approved acquiring an additional 14.18 percent stake in Tirex Transmission Pvt Ltd from current shareholders for ₹38.09 crore.
Ola Electric announced the commencement of deliveries for its S1 Pro+ scooter equipped with the 4680 Bharat Cell battery. The S1 Pro+ (5.2kWh) is the first model to utilize the company’s domestically produced battery pack, promising greater range, enhanced performance, and improved safety.
Delhivery disclosed the resignation of its Chief Financial Officer, Amit Agarwal, naming Vivek Pabari as his successor. The company also reported the departure of board member Aruna Sundararajan, effective January 1, 2026, following her appointment to a regulatory body.
Nazara Technologies, a diversified gaming and sports media firm, unveiled a new brand identity as it transitions from a gaming platform to a creator of immersive experiences. The refreshed brand features the letter N depicted as a magic wand with three rising stars, symbolizing creativity and the infinite possibilities within gaming. The new identity is anchored by the tagline “Enter. Magic.”
Garuda Construction and Engineering Ltd (GCEL) has secured a ₹1,416-crore Engineering, Procurement, and Construction contract from Sumer Corporation for a luxury residential project in Mumbai.
Vishal Thakkar, promoter and managing director of Indian Link Chain Manufacturers, has divested his entire shareholding. According to a filing with the BSE, Thakkar sold 276,990 equity shares through various transactions, concluding with the sale of 150,242 shares on November 4, 2025.
Published on November 6, 2025.
