Torrent Group acquires majority stake in Gujarat Titans IPL franchise from CVC Capital Partners.

Torrent Group from Ahmedabad is poised to acquire a majority stake in the Gujarat Titans IPL franchise from CVC Capital Partners, which will retain a minority stake. This agreement follows the Adani Group's withdrawal from the bidding process to focus on its core businesses. CVC had purchased the franchise for Rs 5,625 crore in 2021. The formal deal is expected after a lock-in period concludes in February 2025.

September 13, 2024
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