Akshata Sharma
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Gujarat Titans- a three-year-old franchise- could be valued at between $1 billion and $1.5 billion. CVC bought the franchise in 2021 for ₹5,625 crore.
An official in the know told ET, "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."
Another official said as per the outlet, "IPL franchises have been attracting a lot of investor attention since the league has established itself as an attractive asset with solid cash flows."
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