Adani Group to buy Shubman Gill-led IPL team Gujarat Titans?

Adani Group and Torrent Group are talking with private equity firm CVC Capital Partners about buying a majority stake in the Indian Premier League team Gujarat Titans.

According to reports, it is estimated that the Gujarat Titans may be worth between $1 billion and $1.5 billion.

CVC Capital Partners acquired the franchise in 2021 for Rs 5,625 crore and the team is three years old now in IPL.

Adani and Torrent are aggressively pursuing a majority stake in Gujarat Titans after they missed the opportunity to own the IPL's Ahmedabad franchise in 2021.

For CVC Capital Partners, it's a great opportunity to monetise its stake in the franchise.