Ahmedabad-based Torrent Group has acquired a 67% controlling stake in IPL franchise Gujarat Titans, previously fully owned by CVC Capital Partners. Despite the transfer, CVC retains a 33% minority ...

Torrent and Irelia had announced the signing of the definitive agreements on February 12, subject to customary closing ...

The deal is a win-win situation for both as CVC has not only retained one-third share but also got back 89 percent of the amount originally invested in buying the team.

The BCCI has shown the green signal for the transfer of Gujarat Titans' franchise from CVC Capital to the Torrent Group ahead of the IPL 2025. Check more details of the transaction, only on.

Torrent Group (“Torrent”) has completed its acquisition of 67 percent majority stake in Gujarat Titans from Irelia Company Pte Ltd (CVC Capital Partners) following approval of the Board of Control for ...

It is understood that the sale was completed at an enterprise valuation of INR 7522 crore, meaning Torrent bought the 67 % ...

IPL currently has 10 teams, each named after a different city or region in the country. These are owned by a varied mix of large Indian conglomerates (Reliance Industries, JSW Group, GMR Group, RP ...

Irelia will retain a 33% minority stake in Gujarat Titans, one of the youngest IPL franchises. The team is captained by ...

IMAGE: The acquisition marks Torrent Group's foray into India's rapidly growing sports sector. Photograph: Kind Courtesy Gujarat Titans/X Ahmedabad-based Torrent Group has completed the ...

Torrent Group has secured a 67% majority stake in the IPL's Gujarat Titans, enhancing their presence in India's sports sector. The acquisition, approved by BCCI, signifies Torrent's commitment to ...