New Delhi, Feb. 11 -- Indian Premier League champions in 2022, Gujarat Titans are set to have a new set of owners with Torrent Group - Indian business conglomerate - in line to acquire a majority stake in the franchise. The Ahmedabad-based franchise came into existence in 2021 when CVC Capital Partners bought the team for Rs.5,625 crore.

According to a PTI report, the Torrent Group are set to buy 67 per cent stake in the team from CVC Capital Partners. The deal is awaiting the IPL governing council and BCCI's approval, post which the Torrent Group will take control of the franchise ahead of IPL 2025, beginning on March 21. However, the valuation of the stake being sold by CVC Capitals remains unconfirmed.

"The talks of Torrent Group tak...