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Torrent Buys 67% of Gujarat Titans
Hindustan Times Noida
|February 13, 2025
Healthcare and energy conglomerate Torrent Group on Wednesday announced acquisition of a majority stake in IPL franchisee Gujarat Titans for an undisclosed sum, marking the Ahmedabad-based firm's foray into the sports sector.
NEW DELHI:
Torrent Group "through its holding company Torrent Investments Private Limited (TIPL) has entered into a definitive agreement to acquire a majority stake of 67 percent in the renowned Indian Premier League (IPL) franchise, Gujarat Titans," it said in a statement.
The conglomerate is buying a majority stake in Gujarat Titans (Irelia Sports India Private Limited) from Irelia Company Pvt Ltd which is currently fully owned by private equity fund CVC.
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