Adani, Torrent to Take Over Gujarat Titans in IPL 2025
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In recent developments, CVC Capital Partners is engaged in discussions with Adani Group and Torrent Group to sell a controlling interest in the IPL franchise, Gujarat Titans, as reported by The Economic Times.
According to individuals familiar with the situation, CVC plans to sell a majority stake in the IPL team while maintaining a minority interest. The BCCI’s lock-in period, which prohibits the sale of stakes by new teams, is set to expire in February 2025.
“Having missed out on the opportunity to own IPL’s Ahmedabad franchise in 2021, both Adani and Torrent are vying aggressively to buy a majority stake in Gujarat Titans. For CVC, it’s a great opportunity to monetise its stake in the franchise,” an official in the known told ET.
Gautam Adani has previously invested in cricket by purchasing teams in the Women’s Premier League (WPL) and the UAE-based International League T20. In 2023, Adani secured the WPL’s Ahmedabad franchise with a leading bid of ₹1,289 crore.
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