In a historic development, Torrent Group has acquired a 67% majority stake in the Gujarat Titans, the two-time Indian Premier League (IPL) champions, from CVC Capital Partners. With this acquisition, CVC Funds retain a 33% minority stake in the franchise. Strategic move for future Jinal Mehta, Director of Torrent Group, expressed excitement about the acquisition, stating, “It is a matter of great pride to welcome Gujarat Titans and its passionate fanbase into the Torrent family. We aim to enhance the fan experience and create a lasting legacy for Gujarat Titans, setting new standards of excellence in sports.” Known for its presence in pharmaceuticals, power generation, and city gas distribution, Torrent Group sees this investment as a step towards diversifying into the sports and entertainment sector. CVC’s successful stint with Gujarat Titans CVC Capital Partners secured ownership of the Gujarat IPL franchise in 2021 and enjoyed tremendous success during their tenure. Under CVC’s ownership, the Gujarat Titans clinched the IPL title in their debut season in 2022 and finished as runners-up in 2023. Reflecting on the journey, Siddharth Patel, Managing Partner at CVC, remarked, “Our journey with Gujarat Titans has been remarkable. With Torrent Group now joining hands, we look forward to new avenues of growth and success.” The Gujarat Titans, led by Shubman Gill and coached by Ashish Nehra, play their home matches at the iconic Narendra Modi Stadium. Following the IPL 2025 auction, the team boasts a formidable lineup, including Indian players Washington Sundar, Mohammed Siraj, and Prasidh Krishna, alongside international cricket stars like Rashid Khan, Jos Buttler, and Kagiso Rabada. Awaiting regulatory approvals The acquisition deal is currently subject to regulatory clearances, including approval from the Board of Control for Cricket in India (BCCI). This partnership marks a new chapter for Gujarat Titans as they aim for continued success in the IPL. In a landmark deal, Torrent Group has acquired a 67% majority stake in the Gujarat Titans, the two-time Indian Premier League (IPL) franchise, from CVC Capital Partners. CVC Funds retained a 33% minority stake in the franchise. A strategic move
Jinal Mehta, Director of Torrent Group, expressed enthusiasm about the acquisition, stating, “It is a matter of great pride to welcome Gujarat Titans and its passionate fanbase into the Torrent family. We aim to enhance the fan experience and create a lasting legacy for Gujarat Titans, setting new standards of excellence in sports.” Torrent Group holds presence in the pharmaceuticals, power generation, and city gas distribution sectors. CVC’s involvement
CVC, a private equity firm, secured the Gujarat IPL franchise in 2021 and saw immediate success, with Gujarat Titans winning the IPL title in their debut 2022 season and finishing runners-up in 2023. Siddharth Patel, Managing Partner at CVC, said, “Our journey with Gujarat Titans has been remarkable. With Torrent Group now joining hands, we look forward to new avenues of growth and success.” The acquisition is subject to regulatory approvals, including from the Board of Control for Cricket in India (BCCI). Gujarat Titans team
The Gujarat Titans team is led by Shubman Gill and coached by Ashish Nehra, and plays at the Narendra Modi Stadium as its home ground. Following the IPL 2025 auction, the team includes Washington Sundar, Mohammed Siraj, and Prasidh Krishna, along with international cricket stars like Rashid Khan, Jos Buttler, and Kagiso Rabada.Original Article