Diversified conglomerate Torrent Group has agreed to acquire a majority stake in Indian Premier League (IPL) franchise Gujarat Titans, the company confirmed on Wednesday.
In a statement, Torrent said that it will take a 67 per cent stake in the team from Irelia Company Pte Ltd – currently fully owned by funds managed or advised by CVC. It added that the transaction is subject to customary closing conditions and approvals (including from BCCI).
Jinal Mehta, Director, of Torrent Group, said, “It is a matter of great pride for us to welcome Gujarat Titans and millions of its passionate fans into the Torrent Group.”
“We are committed to nurturing the Gujarat Titans team and creating a lasting legacy for everyone involved – our fanbase, the players and our employees,” he added.
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The former IPL champion retained five of its players going into the IPL 2025 auction. Rashid Khan, Shubman Gill, Sai Sudharsan, Shahrukh Khan and Rahul Tewatia were the players retained by the Titans.
Ahead of the 2025 season, GT signed as many as 20 players during the two-day auction, and its most expensive pick was England T20I captain Jos Buttler. It also spent a lot of money in buying pacers Kagiso Rabada and Mohammed Siraj.
The 2025 edition of the Indian Premier League (IPL) will begin on March 21 and the final will be held on May 25.
GT IPL 2025 Squad:
Rashid Khan, Shubman Gill, Sai Sudharsan, Rahul Tewatia, Shahrukh Khan, Kagiso Rabada (Rs. 10.75 crore), Jos Buttler (Rs. 15.75 crore). Mohammed Siraj (Rs. 12.25 crore), Prasidh Krishna (Rs. 9.50 crore), Nishant Sindhu (Rs. 30 lakh), Mahipal Lomror (Rs. 1.70 crore), Kumar Kushagra (Rs. 65 lakh), Anuj Rawat (Rs. 30 lakh), Manav Suthar (Rs. 30 lakh), Washington Sundar (Rs. 3.20 crore), Gerald Coetzee (Rs. 2.40 crore), Arshad Khan (Rs. 1.30 crore), Gurnoor Brar (Rs. 1.30 crore), Sherfane Rutherford (Rs. 2.60 crore), Sai Kishore (Rs. 2 crore), Ishant Sharma (Rs. 75 lakh), Jayant Yadav (Rs. 75 lakh), Glenn Phillips (Rs. 2 crore), Karim Janat (Rs. 75 lakh), Kulwant Khejroliya (Rs. 30 lakh).