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.
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.
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 ...
Torrent Group's long-awaited takeover of Gujarat Titans is now formally complete. The Board of Control for Cricket in India (BCCI) has given the go-ahead for the transfer of control from Irelia ...
Torrent Group has formally completed the long-awaited takeover of Gujarat Titans (GT) weeks before the start of the Indian Premier League (IPL) 2025 season.
In the 2024 season, Gujarat Titans' captain Hardik Pandya moved to Mumbai Indians, and Shubman Gill was appointed as the new captain in his place. For IPL 2025, Gujarat Titans proved fortunate as they ...
Ahmedabad-based Torrent Group has completed the acquisition of a majority 67 percent stake in Indian Premier League (IPL) franchise Gujarat Titans.
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 ...