India's leading technology industry group is investing in the field of Torrent Health and Energy. Torrent Group has acquired CVC Capital from Patanjali by its holding company Torrent Investments Private Limited (TIPL). (Arelis Company Private Limited) The popular Indian Premier League (IPL) franchise has been a crucial agreement to achieve 67 % stake in the Gujarat Titans team. At present, the whole Swaraj in the Gujarat Titans team is the property operated by CVC and funded by CVC. This agreement is beneficial to all stakeholders, including the BCCI. This is subject to the pre -conditions and approval of the organizations.
According to the agreement, Erelias will maintain a significant minority stake of 33%in franchisees Ikador. The leaders of India are among a leading business group and globally famous private equity firm. This is the first such initiative in India's sports sector, aims to develop the sports sector in the country through mutual cooperation. He will create the possibilities.
Talking about this deal, Torrent Group director Jil Mehta said- We feel great by welcoming our supporters in Gujarat Tigers and its Torrent Group. In this way, sports are given importance in India. As we are getting support from Microsoft, Torrent looks huge in this fast growing field. Gujarat has a majority part of the boom. With this editing we hope to expand our management experience in the coming years and find new ways of development. I am excited with this opportunity. We are committed to managing the Gujarat Titans team and all the people involved. We are committed to creating a sustainable future of our supporters, players and colleagues. Torrent Group acquired Silver Titans with proven track-records to provide high quality products and services in different areas. It will work toward establishing new standards of excellence in the sports industry by this medium.
Siddharth Patel, managing partner of CVC, commented on this- We are starting a new chapter in India's most popular sports competition and our partner team Gujarat Titans, so we are excited to announce this agreement. Partnerships in Indian cricket have begun strongly, after Gujarat Titans franchisees took over, we won the IPL wave in our first season and emerged as a sub -winter in our second season. Speaking on the occasion, CVC partner Asmat Dohi said, “We are the most respected professionals in India. A group is happy to partner with Torrent. We enjoy welcoming the Torrent Group. Looking forward to find new ways for Gujarat Titans and IPL in the coming years.
CVC's managing partner Nick Clarry said- CVC has seen a strong growth in its sports after investing in MotoGP and Formula One. This is a long history of investment and in Gujarat Titans we are proud to make it a success. We want to thank our supporters, our management team, our players and especially the BCCI. Due to them, Gujarat has been able to become a leading franchise on the title and outside the field. We hope this will accelerate with the newly proposed Torrent.
Information about Torrent Group: Torrent Group has Rs. There is a reserve fund of Rs 41,000 crore (about US $ 4.9 billion). ₹ 2 million (about US $ 23 billion). Torrent Group has a strong presence in the fields of pharmaceuticals, power generation, transmission and distribution and city gas distribution (CGD). Torrent Group wants to expand its presence in the fast -growing electronics and design areas in the near future. Consideration is under consideration. Torrent Group employs more than 25,000 people collectively in India and abroad.
Information about CVC: CVC is a leading global private sector market manager, with 30 offices in EMea, the United States and Elshees, with a wealth of approximately € 191 billion under the management. CVC issues include complementary strategies in capital equity, seconds, credit and infrastructure, for which the CVC fund has the best strategies in the world. About € 249 billion commitments have been secured from major pension funds and other institutional investors. The CVC government has acquired funds operated by its equity strategy in about 140 districts across the country. Its combined annual sales are over € 162 billion and operated more than 5,80,000 people.
Information about Gujarat Titans: Gujarat Titans, established in 2022, play in the Indian Premier League. He is one of the youngest cricket franchises. The Indian Premier League is the most viewed game in the world. This is a cricket league in which more than 400 million viewers come every year and the number of fans is one billion. Shubhman Gill and Ashish Nehra are led by the Gujarat Titans team in Ahmedabad. Titans won their first 2022 season of IPL and became the second team in history. Narendra Modi Stadium, the world's largest stadium in Ahmedabad's Motora, is the home ground of Gujarat Titans.
Image Credit: Images/graphics belong to (Divya-Bhaskar).