💨 Abstract
The Torrent Group, a healthcare and energy conglomerate, has announced the acquisition of a majority stake in IPL franchise Gujarat Titans for an undisclosed sum. This marks Torrent's entry into the sports sector. The deal involves Torrent Investments Private Limited acquiring 67% of Gujarat Titans from Irelia Company Pte Ltd, which is currently fully owned by funds managed by CVC.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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