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 conditions and approvals.

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 ...

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.

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

BCCI has approved the acquisition of 67% stake in IPL team Gujarat Titans by Torrent Group, media networks have reported. Torrent Group now has majority ownership of Irelia Sports India ...

Torrent Group on Monday said that it has successfully completed the acquisition of a 67 per cent majority stake in the Indian Premier League (IPL) franchise Gujarat Titans (Irelia Sports India ...

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 ...

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 ...

Ahmedabad-based Torrent Group has acquired a 67% stake in IPL franchise Gujarat Titans ahead of the upcoming T20 season. The stake was purchased from Irelia Company, which is fully owned by ...