United Spirits shares in focus after Adar Poonawalla signals bid for RCB acquisition

United Spirits shares are set to be in focus after Serum Institute CEO Adar Poonawalla said he plans to make a strong and competitive bid for the Royal Challengers Bengaluru IPL franchise, currently owned by the Diageo-controlled liquor maker. The development comes against the backdrop of a sharp rise in United Spirits’ December-quarter profit, even as revenue growth remained modest.