Torrent Group, an Indian business conglomerate based in Ahmedabad, will buy a majority participation in 2022 IPL Gujarat Titans (GT) champions. Espncricinfo learned that Torrent will buy a 67% participation in GT of CVC Capital Partners (Irelia Company Pte Ltd), who bought the franchise in 2021.
At this time, no more details could be confirmed, including the assessment of the participation dismissed by CVC. It is understood that the IPL is processing the paperwork before the Liga Governing Council gave a final assent. Subject to the final approval, the new GT owners could probably be involved since the 2025 season, which begins on March 21.
CVC, a worldwide private capital fund, had paid INR 5625 million rupees (US $ 750 million octavo in 2024. The base of GT operations is the Narendra Modi stadium, the world’s largest cricket stadium with a capacity with a capacity of more than 100,000.
The bidders could offer for six cities, which included Indore, Dharamsala, Guwahati and Cutthack along with Ahmedabad and Lucknow, the eventual winners. Torrent offer for Ahmedabad (INR 4653 CR) and Lucknow (INR 4356 CR). In 2023, Torrent unsuccessfully offered for three of the ten cities present for the offer for the BCCI to start the WPL of five teams.
According to the company’s website, Torrent Group has an assessment of approximately 41,000 million rupees and is among one of the main multinational companies in India, headed by two prominent subsidiaries: Torrent Power and Torrent Pharma. It is understood that Jinal Mehta, the son of the president of the Torrent Group, Emeritus Sudhir Mehta, will supervise the IPL investment.
GT is led by the batter of India Shubman Gill and also have Afghanistan Rashid Khan, the captain of the white ball of England, Jos Buttler and the fast bowling player of India Mohammed Siraj, among others.
