IPL 2025: BCCI Approves Torrent Group’s 67% Majority Stake Purchase in Gujarat Titans

The Torrent Group, an Ahmedabad-based enterprise, has officially finalized its majority stake purchase in Indian Premier League (IPL) franchise Gujarat Titans (GT). The Torrent Group secured a 67 percent stake in Gujarat Titans from Irelia Company Pte Ltd (CVC Capital Partners) after receiving approval from the Board of Control for Cricket in India (BCCI). The Torrent Group is a corporation that specializes in the healthcare and energy sectors.

CVC Capital Partners will retain a 33 percent stake in the franchise. CVC had purchased the Gujarat franchise for Rs 5625 crore in 2021.

The Gujarat Titans, captained by Hardik Pandya secured their first IPL title in their debut season in 2022 by defeating Rajasthan Royals (RR) in the final. The team once again made it to the final in IPL 2023 but lost to Chennai Super Kings (CSK) in a rain-affected summit clash in Ahmedabad.

From Champions to Eighth Place: Gujarat Titans’ Rollercoaster Ride

Ahead of IPL 2024, Hardik Pandya moved back to his former franchise, Mumbai Indians (MI), while Shubman Gill stepped in as the new captain of Gujarat Titans. However, the team struggled in the season and finished in eighth place, missing out on the playoffs. The Torrent Group had initially announced the acquisition on February 12, but at that point both parties were awaiting official approval from the BCCI.

“It is a matter of great pride for us to welcome Gujarat Titans and millions of its passionate fans into the Torrent Group. As sports continues to gain prominence in India, Torrent sees great potential in this rapidly growing sector. With the acquisition of a majority stake in the Gujarat Titans, we are excited to have the opportunity to elevate our fan experience and unlock new growth avenues in the years to come,” said Jinal Mehta, Director of Torrent Group, in February.