Ahmedabad based Torrent Group has acquired 67 per cent stake in Gujarat Titans' ownership ahead of IPL 2025. The deal was finalized following a mandatory approval was made by the Board of Control for Cricket in India (BCCI). As a result, CVC Capitals, the original owners of the GT franchise, will however, continue to hold one-third capital in the team since it has kept 33 per cent stake with itself following the transaction.

The deal went through at an astonishing valuation of INR 7522 crore, where the new majority owner holds INR 5035 crore, while the rest remains with CVC. Furthermore, BCCI is entitled to earn INR 375 crore from the deal, since the board gets five per cent of every transaction within the ownership group, according to Cricbuzz. The acquisition was completed following the receipt of all necessary approvals, including the board approval, as per the acquirer's public release. 

"With the fulfilment of these conditions, the acquisition has now been successfully completed. As part of the transaction, Irelia, managed by funds advised by CVC, will continue to hold a substantial minority stake of 33 per cent, maintaining its association with the franchise,” the release read.

CVC bought the Gujarat Titans franchise in 2022 for Rs 5625 crore which means the IPL team has had an appreciation in its value to the tune of 1897 crore - close to 34 per cent. The Titans have been one of the successful franchises having won the title in its inaugural year in 2022, finished runners-up in 2023. Last year, the Shubman Gill-led team was eighth with five wins in the season. The Torrent Group takeover of the Titans has been speculated since CVC, a private equity US firm headquartered in New Jersey, bought it in 2022. However, in view of the initial three-year lock-in period during which the transfer of management was not permitted, the sale was not announced. With the completion of the three-year term last month, the parties have now formally announced the change in management. Gujarat Titans will begin their IPL 2025 campaign with a home game against Punjab Kings (PBKS) at Ahmedabad’s Narendra Modi Stadium on March 25.