💨 Abstract

The Torrent Group, a healthcare and energy conglomerate, announced on February 12th the acquisition of a majority stake in IPL franchisee, Gujarat Titans, marking their entry into the sports sector. The deal was made through Torrent Investments Private Limited (TIPL), who will acquire a 67% stake from private equity fund CVC.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖