The International Booker Prize is renamed the Bukhman International Booker Prize after Bukhman Philanthropies commits funding for the award over the next decade. Multiple outlets report that the change includes an increase to the prize money for winners. The cash award is set to double to £100,000, with coverage also citing an equivalent figure of Rs 1.28 crore. The funding arrangement is described as spanning ten years, providing financial backing for the prize during that period.
Separately, The Mirror reports that the 2027 judging panel has been unveiled. The combination of the new sponsorship and the expanded prize amount is presented as part of a broader update to how the prize will operate going forward, while the judging process continues with a newly announced panel for the 2027 edition. Across sources, there is agreement on the sponsor’s identity, the ten-year funding term, the prize renaming, and the doubling of the winner’s prize amount, though details beyond these core points vary by outlet.
