Diageo Is Said to Mull Options for Indian Cricket Team Stake (2)

Diageo Plc is considering options for its ownership of the Indian Premier League cricket franchise Royal Challengers Bengaluru, according to people familiar with the matter.

The British distiller has been holding discussions with potential advisers as it weighs possibilities including a sale of part or all of the club, the people said. Diageo owns the team through its Indian unit, United Spirits Ltd., and may seek a valuation of as much as $2 billion, the people said.

No decision is final and they may decide against selling the team, the people said, asking not to be named as the ...