Ahmedabad-based Torrent Group is set to acquire a majority stake in the IPL franchise Gujarat Titans from CVC Capital Partners after the ownership lock-in period ends in February 2025. The Adani Group, initially interested, has stepped back due to the high valuation of over $1 billion and focus on core businesses. Ahmedabad-based Torrent Group is set to acquire a majority stake in the IPL franchise Gujarat Titans from CVC Capital Partners after the ownership lock-in period ends in February 2025. The Adani Group, initially interested, has stepped back due to the high valuation of over $1 billion and focus on core businesses.
