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The Times of India

Sport

TOI Sports Desk | TIMESOFINDIA.COM

Torrent Group set to acquire majority stake in IPL franchise Gujarat Titans

Torrent Group Torrent Gujarat Titans IPL CVC CVC Capital Partners Economic Times Indian Premier League Ahmedabad BCCI

NEW DELHI: Ahmedabad-based Torrent Group is all set to acquire around two-third stake of Indian Premier League franchise Gujarat Titans from CVC Capital Partners, an Economic Times report said on Tuesday.

The transaction is expected to value around Rs 7,500 crore ($856 million) with both parties currently in the process of seeking approval from the Board of Control for Cricket in India (BCCI) for the transaction.

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