Torrent Acquuries IPL Team Gujarat Titans – GUJARAT TITANS got new owner, this company bought a big stake in IPL team … Deal after BCCI approval – Torrent Group Acquires 67 PERCENT STKE In Gujarat Titans before IPL 2025 BCCI Gives Approval Tutc
The Indian Premier League (IPL 2025) starts and it will be its 18th season. Its hangover is beginning to appear in the country and the first match will be played between Kolkata Knight Riders (KKR) and Royal Challengers Bangalore (RCB) on 22 March, while its IPL final will be held on 25 May. Before this, a big news related to the IPL team Gujarat Titans has come out. No, this news is not related to any change in the team, but the energy sector veteran company has to buy a big stake in the team. Let’s know one information related to the deal …
Torrent bought 67% stake
Torrent Group, who works in various fields including energy sector to health services, has announced that it has successfully completed the 67 per cent majority stake in the Indian Premier League (IPL) Franchise Gujarat Titans, after getting some necessary approval after this deal, after getting some necessary sanctions, these stakes have received these stakes after getting these stakes after this deal. Will take According to the reports, this deal has been made after getting the approval of BCCI, Board of Control for Cricket in India.
Agreement in February, Deal Dun in March
Torrent and Irelia signed the agreement in this regard on 12 February last month and now the deal has become a deal from the beginning of IPL 2025. After the completion of all the conditions, the Torrent Group has successfully completed the IPL franchise Gujarat Titans. It is expected that there will be a wide specialty benefit of Torrent in managing this franchise.
2 lakh crore company, provides 25000 jobs
The Torrent Group is one of the big business groups in the country and its market capital Curp is Rs 2 lakh crore, while the revenue is more than Rs 41,000 crore. This company is a big player in the Urban gas distribution sector including pharmaceuticals, energy production, transmission and distribution. It is providing employment to more than 25,000 people at the international level including India.
Irelia will have 33% stake
Irelia will maintain the remaining part of the remaining IPL in Gujarat Titans, one of the youngest IPL franchisees. According to reports, 33 percent of Irelia’s stakeholding will remain after the Torrent Group has a 67 percent stake.
It is worth noting that Gujarat Titans is led by captain Shubman Gill and its coach is Ashish Nehra. Gujarat Titans won the IPL title in their first season and became runners-up in the second season. The news of buying a stake in the IPL team is being seen on the shares of all the companies of the group and on Tuesday they are trading in the Green Zone with an edge.
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)
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