An Indian business entity, Torrent Group is set to buy a majority stake of Gujarat Titans. According to reports, it is learnt that Torrent will buy 67% stakes in GT from the CVC Capitals who bought the franchise in 2021.
The further details including the valuation of the stakes divested by CVC, could not be confirmed. It is understood the IPL is processing the paperwork before a final agreement is given by the league’s governing council.
It is reported that the GT’s new owners could likely be involved in the 2025 season which starts on March 21.
CVC, a global private equity fund, had paid INR 5625 crore in 2021 to buy GT, who won their first IPL title in 2022 season which is also their first season and made it to the finals the following year 2023, and finished eighth in 2024.
On the other hand, Torrent Group’s subsidiary, Torrent Sports Ventures Private Limited, was among the final nine bidders at the Walk in auction conducted by the BCCI in 2021 to add two new franchises to the original eight.
As per company’s website, Torrent Group has set a valuation of about INR 41,000 crore and is among one of the top mulitnational companies in India, spearheaded by two prominent subsidaries; Torrent Power and Torrent Pharma.
The GT investment was CVC’s successful entry into cricket. the global fund manager which has office across the globe, had previously bid for Delhi Capitals in 2018 but Jindal South West bought it for INR 550 crore approximately at the time.
Shubman Gill-led Gujarat Titans along with spinner Rashid Khan, England’s Jos Buttler and fast bowler Mohammed Siraj could proved to be formidable side in the upcoming IPL 2025.
Also Read: Gujarat Titans New Owner in IPL 2025 – GT Changed Owners
