Torrent Group Becomes Majority Stakeholder In IPL Franchise Gujarat Titans
Healthcare major Torrent Group became the majority shareholder of Gujarat Titans after acquiring 67 per cent (2/3rd) stake from current owners CVC, the IPL franchise announced on Wednesday. The transaction is subject to customary closing conditions and approvals, including from the BCCI. "Torrent Group has entered into a definitive agreement to acquire majority stake of 67% in the renowned Indian Premier League (IPL) franchise, Gujarat Titans (Irelia Sports India Private Limited) from Irelia Company Pte Ltd (“Irelia”) – currently fully owned by funds managed or advised by CVC," the press release stated.


