United Spirits to hit ₹1,650 post RCB sale, Nuvama predicts strong recovery

• United Spirits shares expected to climb to ₹1,650 after selling its 100% stake in Royal Challengers Bangalore (RCB).
• The RCB stake was sold for ₹16,600 crore ($1.78 billion) to a consortium including Aditya Birla Group and Blackstone.
• Nuvama Institutional Equities' Abneesh Roy calls it a "good deal" removing a long-standing stock overhang.
• Investors can expect a one-time dividend of ₹100–150 per share; deal closure anticipated in six months.
• Favorable tax policy in Karnataka, UK FTA benefits, and easing input costs are additional growth drivers.