Torrent Group for the installation of the majority stake in the Titan Gujarat from CVC Capital Partners
Torrent Group, a leading Indian multinational company based in Ahmedabad, should acquire a majority share in the Indian Premier League franchise (IPL) Gujarat Titans (GT). Reports confirm that Torrent will buy a 67% share of Titan Gujarat from CVC Capital Partners ahead of the IPL 2025.
CVC Capital Partners bought an IPL franchise in 2021, but now Torrent Group will be taken as the main owners of the Gujara Titan as early as the upcoming season, as ESPNCricinfo reported.
Gujarat Titans set up for a new property because Torrent Group is set up to buy 67% stake
However, the accurate assessment of the share and further details of the agreement are still completed, but the transaction is currently processing the IPL Management Council.
Once the IPL Governing Council approves, the latest contract will see how Torrent Group enters the role of major stakeholders in GT, and their involvement is expected to start from next month when the upcoming IPL 2025 begins.
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Significantly, CVC Capital Partners is a global private capital company, and they initially paid INR 5625 crore to buy GT when BCCI introduced two new teams in the 2021 league.
The Gujarat Titans won the IPL title in its debut season in 2022, and then ended up as runners in 2023 under Hardik Pandya captain, while in the IPL 2024 they finished in eighth place under Captain Shubman Gill.
Torrent group desperately wants to enter IPL
In the meantime, Torrent Group has been showing interest in cricket ventures for a long time. Their branch, Torrent Sports Ventures Private Limited, was one of the final bidders during the auction 2021, which BCCI held to introduce two new IPL franchises.
At that auction, Torrent offered Ahmedabad and Lucknow franchises, but were eventually exceeded by other parties, and the RPSG group of a dreamy Goenka who owned Lucknow Super Giants (LSG). Torrent also offered for the team in the women’s Premier League (WPL), but again they failed to get a team in the world of franchise leagues BCCI.
With an assessment of 41,000 crown values, Torrent Group is one of the main multinational companies in India. They have two branches: Torrent Power and Torrent Pharma. The man behind Torrent’s IPL investment will be Jilan Meht, son of Judgment Meht, Chairman Emeritus Torrent Group.
Jinal Mehhh supervise the Gujarat Titan in IPL
Jinal is ready to lead the IPL investment of the Torrent group in the Gujarat Titans. For CVC Capital Partners, this agreement will mark the end of their overall control of the franchise, after being their first successful venture into the crisis world.
Before proclaiming GT, the CVC offered in 2018 for Delhi Capital, when GMR Group sold some of his stake in the franchise. However, the capital in Delhi was eventually bought by Jindal South West (JSW) for INR 550 crore at the time, so there was also no CVC role.
Significant is that Gujarat Titans play their home games at Narendra Stadium in Ahmedabad, which is the largest crunch stadium in the world, with a seating capacity of over 100,000. They have a talented list, with Shubman Gill, Rashid Khan, Joso Buttler and Mohammed Siraj next season.
