19/7/2024, 11:20:06 am

Gautam Adani and Torrent to buy stake in IPL team, Gujarat Titans

Adani Group and Torrent Group are in talks with CVC Capital Partners to acquire a controlling stake in IPL team Gujarat Titans. CVC may sell a majority stake, retaining a minority holding, with the team's valuation estimated between $1 billion and $1.5 billion. CVC purchased the franchise in 2021 for ₹5,625 crore. The deal is possible after February 2025, when the BCCI's lock-in period expires.