As per report, Gujarat Titans to have new owner, Torrent Group to acquire majority stake
Arrangements for the IPL season 2025 have already started although the season is still quite far away. First, we saw a few teams make changes in the coaching staff, and now very soon, it will be time to see a new owner. According to the reports Ahmedabad-based Torrent Group is all set to acquire a majority stake in the IPL team Gujarat Titans. The understanding has been reached with CVC Capital Partners.
Another report suggested that the Adani Group was also in the running for a stake in the Gujarat Titans, but didn’t go forward with it. Meanwhile, the formal deal can only be signed once the lock-in period ends. Meanwhile, CVC is expected to hold a minority share in the team, that is valued at over $1 billion.
It must be noted that the Adani Group, which eventually backed out, had also placed an unsuccessful bid of the IPL franchise in 2021, with bid of Rs 5,100 Crore. On the other hand, the Torrent Group had bid for the team at Rs 4,653 crore.