Torrent Group in the final stages of two -thirds of the IPL Team Gujarat Titans: Report

Torrent Group, based in Ahmed Abad, is said to be in the final stages to buy a stake in the Indian Premier League (IPL) Googa Gitan, which is expected to be about 7,500 rupees ($ 856 million). According to what both parties, both parties to the Cricket Control Council in India (BCCI) continued to agree to the deal.

According to a report in The Economic Times, Torrent Group is conducting talks to choose two -thirds of Jojarat Jojans, and this will be the first sale of interests by the IPL owner since 2008, when the Cricket Championship began.

According to the report, which was quoted by the sources, CVC-the first PE company to have a team from the Cricket League-signed a expected option for the remaining third session. According to the original conditions, the Cricket Council will be paid about 5 percent of the amount of the deal.

It is expected that the signing of CVC and Torrent Group on the final deal later this week, as the lock period that prevented the company from selling its share in the team ended on February 10.

The parties want to sign the deal before starting the next IPL season, scheduled to start in March.

In 2021, Torrent Investments has created Sport Sports projects to diversify to sport with investments in Laliga, Premiership Rugby and Volleybal World. The Adani Group and Torrent Group collection in 2021 had paid for 5,625 rupees. I have invested 1,800 rupees in the concession so far.