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Torrent Group set to acquire majority stake in Gujarat Titans, Adani Group withdraws from race: Report
Update / Judgement Date
13 Sept 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Torrent Group is poised to acquire a majority stake in the Gujarat Titans cricket team after the 2025 season, following the withdrawal of the Adani Group from the bidding race. This strategic acquisition is part of Torrent Group's expansion into the sports sector, aiming to leverage the growing popularity of cricket for brand enhancement and market reach. The withdrawal of Adani Group has cleared the path for Torrent Group, which is expected to bring new investments and strategic direction to the team. The move highlights the increasing commercial interest in sports franchises and reflects broader trends of corporate involvement in sports for strategic and branding purposes.