IPL 2025: Ahmedabad-based Torrent Group completes acquisition of 67% stake in Gujarat Titans

Ahead of the start of a new season of the popular T20 cricket league, Ahmedabad-based Torrent Group has completed the acquisition of a majority 67 per cent stake in IPL franchise Gujarat Titans, PTI quoted the firm as saying on Monday.

According to the firm, Torrent’s purchase of 67 percent of Gujarat Titans (Irelia Sports India Pvt Ltd) from Irelia Company Pte Ltd—currently fully owned by private equity fund CVC—has received all necessary approvals, including from the Board of Control for Cricket in India (BCCI).

“With the fulfilment of these conditions, the acquisition has now been successfully completed,” PTI quoted the healthcare and energy conglomerate statement as saying.

“As part of the transaction, Irelia, managed by funds advised by CVC, will continue to hold a substantial minority stake of 33 per cent, maintaining its association with the franchise.”

Though the firm did not disclose financial details of the deal. Earlier on 12 February Torrent had announced the signing of definitive agreements for the deal.

The acquisition to mark Torrent Group’s foray into India’s rapidly growing sports sector. It is the latest corporate to enter the lucrative and high visibility sporting event. The upcoming season of IPL starts on March 22.

About IPL: 

IPL currently has 10 teams, each named after a different city or region in the country. These are owned by a varied mix of large Indian conglomerates (Reliance Industries, JSW Group, GMR Group, RP Sanjiv Goenka Group), multinational companies (Diageo Plc through United Spirits), family offices of leading ultra-HNIs and even private equity investors (CVC Capital).

CVC Capital Partners had acquired Gujarat Titans franchise for ₹5,600 crore in 2021. It was the second team to win the IPL in their first season.

“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,” Torrent said.

The acquisition, it said, underscores the conglomerate’s commitment to diversifying its business interests while supporting India’s booming sports ecosystem.

Richest Indian Mukesh Ambani’s Reliance owns Mumbai Indians while N Srinivasan and family of India Cements fame owns Chennai Super Kings. Sanjiv Goenka’s RPSG Group is the owner of Lucknow Super Giants while Delhi Capitals is owned by a joint venture of GRM Group Entities and JSW Group (50 per cent each).

Sunrisers Hyderabad is owned by the Sun Group, Royal Challengers Bangalore by United Spirits Ltd and Punjab Kings is owned by Mohit Burman (Dabur) (48 per cent), Ness Wadia (Wadia Group) 23 per cent, Preity Zinta (23 per cent) and Karan Paul (Apeejay Surrendra Group) (6 per cent).

Superstar Shahrukh Khan and his wife Gauri Khan’s Gauri Khan Family Trust (55 per cent) and Juhi Chawla and Jay Mehta’s Mehta Group (45 per cent) own Kolkata Knight Riders.