💨 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

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