CVC seeks BCCI permission to sell majority stake to Torrent in GT

Home » Match News » CVC seeks BCCI permission to sell majority stake to Torrent in GT

CVC seeks BCCI permission to sell majority stake in GT to Torrent

  • Torrent, an Ahmedabad-based Pharmaceuticals company, is set to buy a majority stake in Gujarat Titans (GT), the Indian Premier League (IPL) franchise.
  • CVC Capital, the current controlling firm, has requested permission from the BCCI for the sale.
  • The deal has been in the works for nearly two years, but the mandatory three-year lock-in clause for IPL franchises has delayed the process.
  • CVC bought the franchise in February 2022, and the lock-in period ended on February 10, 2025.
  • Torrent will acquire a controlling stake, with the valuation reportedly increasing by over 50%. The exact price and stake details are undisclosed, but Torrent will buy more than 60% of the team.
  • Torrent previously participated in the 2022 IPL team bidding process, placing a bid of Rs 4653 crore, but lost to CVC's Rs 5625 crore bid.
  • GT's success in its first two seasons has increased its value to approximately Rs 7800 crores.
  • The change in ownership is not expected to significantly affect the management or coaching staff in the immediate future.
  • GT will continue to be led by Shubman Gill, and the Ashish Nehra-Vikram Solanki coaching duo will remain for at least the upcoming season.


Related Posts

England U19 vs India U19,3rd Youth ODI,India Under 19 tour of England, 2025,2025-07-02 11:00 GMT
England U19 vs India U19 Youth ODI – Match Preview (2 July 2025) Date: 2
England vs India,2nd Test,India tour of England, 2025,2025-07-02 11:00 GMT
England vs India Test Match Preview – 02 July 2025, 11:00 GMT As the historic
Sri Lanka vs Bangladesh,1st ODI,Bangladesh tour of Sri Lanka, 2025,2025-07-02 10:00 GMT
Sri Lanka vs Bangladesh – 1st ODI Preview (July 2, 2025) Date: July 2, 2025Time: