Ahmedabad-based Torrent Group has successfully acquired a 67% majority stake in the IPL franchise Gujarat Titans from CVC Capital Partners. The acquisition was completed ahead of the Indian Premier League (IPL) 2025 and received approval from the Board of Control for Cricket in India (BCCI).

The Titans were one of the two new teams introduced to the IPL after CVC Capital Partners secured the franchise through a bidding process in 2021 for ₹5,625 crore. The team delivered impressive performances in their debut season. They won the title in 2022 under the leadership of Hardik Pandya.

BCCI Approves Torrent Group’s 67% Stake Acquisition in Gujarat Titans from CVC

The Board of Control for Cricket in India has approved the transfer of Gujarat Titans’ majority ownership from Irelia Sports India Private Limited (CVC Capital) to Ahmedabad-based Torrent Group. Torrent Group now holds a 67% stake in the Gujarat franchise, while CVC Capital retains the remaining 33%.

According to a report by Cricbuzz, Torrent Group acquired its majority stake for ₹5,035 crore, with the overall valuation of Gujarat Titans at ₹7,522 crore. As per the franchise agreement, BCCI will receive 5% of every transaction involving the team’s ownership.

“It is understood that the sale was completed at an enterprise valuation of Rs 7522 crore, meaning Torrent bought the 67 percent stake for Rs 5035 crore. Torrent said it finalized the acquisition following the receipt of all necessary approvals, including from the BCCI,” the report read.

Shubman Gill Set to Lead Ahmedabad-Based Franchise in IPL 2025

CVC Capital purchased Gujarat Titans in 2022 for ₹5,625 crore, and over three years, the franchise’s value has risen by ₹1,897 crore—an increase of nearly 34%. After winning in their debut season, they reached the final again in 2023 but lost to Chennai Super Kings in a rain-affected match.

Ahead of the 2024 season, Hardik Pandya returned to Mumbai Indians, and Shubman Gill was appointed as the Titans’ new captain. However, the team struggled and finished eighth with five wins, missing out on the playoffs.

Shubman Gill will continue leading the team in the IPL 2025 season. Torrent Group initially announced its 67% stake acquisition in the franchise on February 12, but the deal awaited formal approval from BCCI, which has now been granted.

The Acquisition Has Now Been Successfully Completed – Torrent Group

Torrent Group confirmed the successful completion of its acquisition of the Titans. According to the statement released by Torrent Group, it highlighted that Gujarat Titans, despite being one of the youngest franchises in IPL history, have already achieved significant success.

“With the fulfilment of these conditions, the acquisition has now been successfully completed,” Torrent Group stated (as quoted by Times of India).

“The Gujarat Titans, one of the youngest and successful franchises in IPL history, will now benefit from Torrent’s extensive expertise in building and managing large-scale businesses,” Torrent Group announced. “With a focus on strengthening team operations, fan engagement, and commercial growth, the acquisition sets the stage for an exciting future for the franchise.”

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