CVC taps Gujarat’s Titans for IPL sale; Adani & Torrent get another shot at buying team

Mumbai: Private equity firm CVC Capital Partners is in talks with Adani Group and Torrent Group to sell a controlling stake in Indian Premier League (IPL) franchise, Gujarat Titans, people with knowledge of the development told ET.

CVC is willing to offload a majority stake in the IPL franchise while retaining a minority holding, one of the persons said.