Torrent Group set to acquire majority stake in Gujarat Titans ahead of IPL 2025

Ahmedabad-based Torrent Group is in the final stages of acquiring a majority stake in the Indian Premier League (IPL) franchise Gujarat Titans. The deal involves Torrent purchasing approximately 66% to 67% of the franchise from current owners CVC Capital Partners, valuing the team at around ₹7,500 crore (approximately $856 million). This transaction is pending approval from the Board of Control for Cricket in India (BCCI) and, if finalized, will mark the first majority stake sale of an IPL team since the league’s inception in 2008.

CVC Capital Partners acquired the Gujarat Titans in 2021 for ₹5,625 crore ($745 million). Since then, they have invested approximately ₹1,800 crore into the franchise. The proposed deal includes a put option, allowing CVC to sell its remaining one-third stake in the future. As per the original agreement, the BCCI is expected to receive around 5% of the deal’s value.

Torrent Group, a prominent Indian business conglomerate headquartered in Ahmedabad, has previously shown interest in owning an IPL franchise. In 2021, they bid ₹4,653 crore for the Ahmedabad team and ₹4,356 crore for the Lucknow team but were outbid on both occasions. They also participated in the 2023 Women’s Premier League bidding but did not secure a team. This acquisition represents Torrent’s successful entry into the IPL ecosystem.

The Gujarat Titans have had a notable impact since their debut in the IPL. They clinched the championship title in their inaugural season in 2022 and reached the finals again in 2023. However, the team faced challenges in the 2024 season, finishing eighth. With Torrent Group’s acquisition, there is anticipation regarding potential strategic changes and investments aimed at bolstering the team’s performance in the upcoming 2025 season.

The completion of this deal is subject to BCCI’s approval, and both parties are reportedly in the process of seeking the board’s consent. If approved, Torrent Group’s entry as a majority stakeholder could usher in a new era for the Gujarat Titans, with expectations of enhanced resources and strategic direction to elevate the franchise’s standing in the IPL.