By Karan Agrawal 
The Board of Control for Cricket in India (BCCI) has given the nod for the much-awaited acquisition of Gujarat Titans by the Torrent Group. The franchise which has been a part of the Indian Premier League since 2022 was owned by Irelia Sports India Private Limited (CVC Capital) and the owners were in talks with the Torrent Group to sell a majority stake but a three-year lock-in period prevented the deal from transpiring. With the said time frame ending, the ownership change has taken place.
The Valuation
The sale is said to be completed at an enterprise valuation of 7522 Core with Torrent Group paying 5035 Crore for acquiring 67% shares. The Torrent Group confirmed the acquisition “following the receipt of all necessary approvals, including from the BCCI.” The BCCI will be entitled to 5% of every transaction within the ownership which includes the former owner of Gujarat Titans CVC Capital as the company retained 33% shares having brought the franchise at a value of 5625 crore which means that the current deal between CVC and Torrent Group has appreciated the value of the franchise by almost 34%
The Owner
Talking about CVC Capital the co-owner of GT is a US-based private equity firm headquartered in New Jersey while the other co-owner of the franchise the Torrent Group is a diversified conglomerate with a presence in the health and energy sector. As far as the rise in valuation of the franchise is concerned as mentioned above GT has witnessed a rise of close to 34% in its valuation which translates to 1897 Crore.
The Performance
Having made their IPL debut in 2022 Gujarat Titans have delivered decent performances in two of the three seasons that they have played so far which began with them winning the inaugural season in 2022 followed by finishing as the runners-up in 2023 after losing to eventual champions Chennai Super Kings on the last ball of the match.