Torrent's power play: Gujarat Titans deal sealed at Rs 5,000 crore
Torrent Group has acquired a 67% stake in IPL franchise Gujarat Titans for Rs 5,000 crore, with CVC Capital Partners retaining 33%. The acquisition will be funded internally, and Torrent is considering further investments in other sports leagues. Torrent aims to enhance fan experience and continue its aggressive expansion across sectors.
Torrent Group has acquired a 67% stake in IPL franchise Gujarat Titans for Rs 5,000 crore, with CVC Capital Partners retaining 33%. The acquisition will be funded internally, and Torrent is considering further investments in other sports leagues. Torrent aims to enhance fan experience and continue its aggressive expansion across sectors.
