Torrent Group Completes Acquisition of Gujarat Titans: New Era Begins

The much-anticipated takeover of Gujarat Titans by Torrent Group has been officially completed. The Board of Control for Cricket in India (BCCI) has granted approval for the transfer of control from Irelia Sports India Private Limited (CVC Capital) to the Torrent Group, which is headquartered in Ahmedabad. As part of the deal, the Torrent Group will now hold a majority stake, acquiring 67% of the shares in the franchise.

Details of the Acquisition

The Torrent Group, a diversified conglomerate with interests spanning the Healthcare and Energy sectors, confirmed the successful completion of the transaction. According to regulations, the transfer required approval from the BCCI, which was reportedly secured a few days ago. CVC Capital will continue its involvement with the Gujarat Titans, retaining a 33% minority stake in the franchise.

The deal was valued at an enterprise valuation of Rs 7522 crore, with Torrent Group purchasing the 67% stake for Rs 5035 crore. Torrent emphasized that the acquisition was finalized after receiving all necessary approvals, including those from the BCCI. Additionally, the BCCI is entitled to a 5% share of every transaction made within the ownership group, as per the franchise agreement.

Franchise Growth and Future Prospects

The sale of the Gujarat Titans franchise came at a time when the team's value had appreciated significantly. CVC Capital had acquired the team in 2022 for Rs 5625 crore, and under their ownership, the franchise's value has increased by Rs 1897 crore—almost a 34% growth. The Gujarat Titans had a strong debut season in 2022, winning the IPL title in their inaugural year. They finished as runners-up in 2023, and despite a challenging 2024 season under the leadership of Shubman Gill, where they ended in eighth place, the franchise has consistently remained a strong contender in the league.

The Road to Takeover

The speculation around the Torrent Group acquiring the Gujarat Titans had been ongoing ever since CVC Capital, a private equity firm based in New Jersey, purchased the franchise in 2022. However, due to a three-year lock-in period, the transfer of management was not allowed until its completion last month. Now that the lock-in period has passed, the change in management has been officially announced.

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