CVC Capital Partners discusses selling a controlling stake in IPL team Gujarat Titans to Adani and Torrent Groups.

Private equity firm CVC Capital Partners is in discussions with Adani Group and Torrent Group to sell a controlling stake in Indian Premier League (IPL) team Gujarat Titans. CVC plans to offload a majority stake while retaining a minority holding, according to a report by The Economic Times. The three-year-old franchise, valued at between $1 billion and $1.5 billion, was bought by CVC in 2021 for ₹5,625 crore. The Board of Control for Cricket in India's (BCCI) lock-in period that prevents new teams from selling a stake will end in February 2025.

July 19, 2024
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