Torrent Group completed the acquisition of a 67% stake in Gujarat Titans from CVC Capital Partners for $585m.

Torrent Group, a diversified conglomerate specializing in healthcare and energy sectors, completed the acquisition of a 67% stake in Gujarat Titans, an Indian Premier League (IPL) franchise cricket team based in Ahmedabad, from CVC Capital Partners, a private equity firm, for $585m. "It is a matter of great pride for us to welcome Gujarat Titans and millions of its passionate fans into the Torrent Group. As sports continue to gain prominence in India, Torrent sees great potential in this rapidly growing sector," Jinal Mehta, Torrent Group Director.