New Delhi: Following reports that Diageo its parent company might sell its stake in the Royal Challengers Bangalore IPL team United Spirits stock rose over 3% on Tuesday. While social media speculated this was a response to RCBs 2025 IPL victory United Spirits subsequently denied these reports. This has reference to your email communication dated 10 June 2025 seeking clarification from the Company on media reports in relation to potential stake sale of RCB. The Company would like to clarify that aforesaid media reports are speculative in nature and it is not pursuing any such discussions United Spirits told the Bombay Stock Exchange and BSE Surveillance Department. Lalit Modi the former IPL chairman has sharply criticized the Royal Challengers Bangalore and the Karnataka government following a deadly stampede at the teams victory parade in Bengaluru. The incident resulted in eleven fatalities and numerous injuries. Following Royal Challengers Bangalores first IPL victory a large celebratory crowd outside the M. Chinnaswamy Stadium on June 4th resulted in a tragic stampede. Overcrowding caused a surge of people attempting to enter the stadium leading to fatalities. Lalit Modi offered his condolences to the victims families and criticized the incident as severely mismanaged according to an interview with IANS. First and foremost my condolences to the families of those who lost their lives in the stampede. This should never have happened. The entire event was poorly planned and executed Modi said. There is so much mudslinging and finger-pointing going on but the issue is simple — the event should never have been allowed without proper arrangements in place. The authorities failed and the team management should also have ensured fan safety before participating in the so-called celebrations.