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The Times of India

Sport

TOI Sports Desk | TIMESOFINDIA.COM

Torrent Group acquires majority stake in Gujarat Titans ahead of IPL season

Torrent Group Gujarat Titans IPL Torrent Titans Indian Premier League Ahmedabad India

Ahmedabad-based Torrent Group announced on Monday the successful acquisition of a 67% controlling stake in the Indian Premier League (IPL) franchise Gujarat Titans.

The majority stake was purchased from Irelia Company Pte Ltd, a private equity fund managed by CVC Capital Partners, which previously held full ownership of Gujarat Titans through Irelia Sports India Pvt Ltd. The Board of Control for Cricket in India (BCCI) has granted all necessary approvals for the transaction, paving the way for Torrent Group to take charge of the franchise.

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