Ahmedabad, 17th March 2025: Torrent Group (“Torrent”), a diversified conglomerate with interests in Healthcare and Energy sectors, has successfully completed the acquisition of a 67% majority stake in the Indian Premier League (IPL) franchise Gujarat Titans (Irelia Sports India Private Limited) from Irelia Company Pte Ltd (“Irelia”), following the receipt of all necessary approvals, including from the Board of Control for Cricket in India (“BCCI”).
Previously, on 12th February 2025, Torrent and Irelia had announced the signing of definitive agreements for this transaction, subject to customary closing conditions and approvals. With the fulfillment of these conditions, the acquisition has now been successfully completed. As part of the transaction, Irelia, managed by funds advised by CVC, will continue to hold a substantial minority stake of 33%, maintaining its association with the franchise.
- Strengthening the Gujarat Titans Legacy
The Gujarat Titans, one of the youngest and most successful franchises in IPL history, will now benefit from Torrent’s extensive expertise in building and managing large-scale businesses. With a focus on strengthening team operations, fan engagement, and commercial growth, the acquisition sets the stage for an exciting future for the franchise.
This milestone underscores Torrent Group’s commitment to diversifying its business interests while supporting India’s booming sports ecosystem. The IPL, one of the most-watched sporting events globally, continues to grow in stature, and Gujarat Titans remain at the forefront of this evolution.
