Massive Development in Gujarat Titans just ahead of IPL 2025: “As part …”

Ahmedabad-Based Torrent Group on Monday said it has completed the acquisition of a Majority 67 per cent stake in ipl franchise Gujarat Titans ahead of the start of a new season of the Popular T20 C20 C20 CEASON of the Popular T20 CEASON of the Popular T20 CEASON Torrent’s Purchase of 67 per cent in Gujarat Titans (Irelia Sports India Pvt Ltd) from Irelia Company PTE Ltd – Currently Fully Fully Owned by Private Equity Fund Cvc Approvals, Including from the Board of Control for Cricket in India (BCCI). “With the fullfilment of these conditions, the acquisition has now been successfully complete,” The health and energy congregy conglomerate said in a statement.

“As part of the transaction, Irelia, managed by funds advised by cvc, will continue to hold a Substantiial Minority Stake of 33 per cent, mainTaining its association with the francies.”

It, however, did not disclose financial details of the deal.

Torrent Had on February 12 Announced The Signing of Definitive Agreements for the Deal.

The acquisition to mark torrent group’S FOYY INTO INTO IN RAPIDLY Growing Sports Sector. It is the latest corporate to enter the Lucrative and High Visibility Sporting Event.

The upcoming season of IPL starts on March 22.

IPL currently has 10 teams, Each named after a different City or Region in the Country. These are ovened by a varied mix of Large Indian Congress (Reliance Industries, JSW Group, GMR Group, RP Sanjiv Goenka Group), Multinational Companies (DIAGEOGO Plc Throughing Spirits) Family offices of Leading Ultra-Hnis and even Private Equity Investors (CVC Capital).

Richest Indian Mukesh Ambani’s Reliance Owns Mumbai Indians While N Srinivasan and Family of India Cements Fame Owns Chennai Super Kings. Sanjiv Goenka’s RPSG group is the owner of lucknow super giants while delhi capitals is owned by a joint venture of grm groups entities and jSW groups (50 per cennt etha).

Sunrisers Hyderabad is Owned by the Sun Group, Royal Challengers Bangalore by United Spirits Ltd and Punjab Kings is Owned by Mohit Burman (Dabur) (48 per cent), Ness Wadia (Wadia Grop) Preity Zinta (23 per cent) and karan paul (apeejay surrendra group) (6 per cent).

Superstar Shahrukh Khan and His Wife Gaur Khan’s Gauri Khan Family Trust (55 per cent) and Juhi Chawla and Jay Mehta’s Mehta’s Mehta Group (45 per cent) Own Kolkata KNIDERS.

CVC Capital Partners Had Acquired Gujarat Titans Franchise for Rs 5,600 Crore in 2021. It was the second team to win the ipl in their first season.

“The Gujarat Titans, One of the Youngest and Most Successful Franchies in IPL History, Will Now Benefit from Torrent’s Extensive Expertise in Building and MANAGING LARGINESS LARGENESS. On Strengthening Team Operations, Fan Engagement, and Commercial Growth, The Acquisition Sets the Stage for An Exciting Future for the Franchise, “Torrent Said.

The acquisition, it said, underscores the conglomerate’s commission to diversifying its business interesting while supports India’s booming sports ecosystem.

The IPL, One of the Most-India Sporting Events Globally, Continues to Grow in Stature, and Gujarat Titans remain at the forefront of this evolution, it said.

The foundation of torrent group was laid by un mehta as torrent pharma. Since then, the brothers Sudhir and Samir Mehta Grew The Pharma Business and Diversified Into Power and Gas Distribution Sector.

In recent years the group has announced its intent to expand into the electrical and diagnostic sector in addition to the acquisition of Gujarat Titans. The group market cap has compounded by 33 per cent per annum over the last five years and grown to about Rs 2 Lakh Crore.

CVC is a Leading Global Private Markets Manager with About 200 Billion Euro of Assets Under Management.

Establed in 2022, Gujarat Titans is among the most exciting franchises in the Indian Premier League (IPL), which boasts a Viewership of Over 400 Million Annually and A Global Fan Baseing Oone Billion People. Led by Shubman Gill and Coached by Ashish Nehra, The Titans Made History by Winning The IPL Title in his debut season and finishing as runners-up the following year.

Gujarat Titans Play at the World’s Larget Cricket Stadium, The Narendra Modi Stadium, In Ahmedabad.

“With the completion of this transaction, torrent group is set to embark on an exciting journey with gujarat titans, further story starting the franchise’s position as a powerhouse’s position as a powerhouse in hindi The statement added.