Torrent Group is an Indian multinational conglomerate, based in Ahmedabad. It was founded by Uttambhai Nathalal Mehta, [1] and now run by his sons, Sudhir and Samir Mehta. [2] The core businesses of the group are gas, pharmaceuticals and power. [3] As of September 2024, it has market capitalization of $25 billion.

17 hours ago · In what would mark the first majority stake sale of an Indian Premier League (IPL) franchise since the league’s inception in 2008, Ahmedabad-based Torrent Group is in the final stages of acquiring a 66 per cent stake in Gujarat Titans, according to a report by The Economic Times. The transaction, valued at approximately Rs 7,500 crore ($856 million), is subject to approval from the Board of ...

1 day ago · Ahmedabad-based Torrent Group is in final stages of buying about two-thirds of Indian Premier League (IPL) franchise Gujarat Titans, which is owned by European PE major CVC Capital Partners.The deal is expected to value the franchise at around Rs 7,500 crore ($856 million), sources close to the talks told ET. Both parties are in the process of reaching out to the Board of Control for Cricket ...

18 hours ago · Torrent Sports Ventures Private Limited, a subsidiary of the Torrent Group, was in fact among the final nine bidders at BCCI’s walk-in auction in 2021, as they added two more teams to the original eight teams in the IPL, making the tournament a 10-team affair. Ahmedabad and Lucknow were among six cities that the bidders were eligible to bid for.

15 hours ago · Torrent Group is set to acquire around two-thirds stake of Gujarat Titans from CVC Capital Partners, valuing the deal at Rs 7,500 crore. The agreement, pending BCCI approval, will be finalized ...

The Torrent Group, founded by Late Mr. U. N. Mehta in 1959 and currently lead by Mr. Sudhir Mehta and Mr. Samir Mehta, is a driving force dedicated to transforming life. It was five decades ago that Mr. U. N. Mehta embarked on a journey called Torrent for a simple cause and a unique sense of purpose - ‘Happiness for All’.

15 hours ago · Torrent Group, which boasts a valuation of approximately Rs 41,000 crore, has been trying to make inroads into the cricketing domain. Through its subsidiary, Torrent Sports Ventures Private Limited, it had previously bid for the Ahmedabad (Rs 4,653 crore) and Lucknow (Rs 4,356 crore) franchises in 2021, when the BCCI held an auction for two new ...

16 hours ago · Torrent Group, which boasts a valuation of approximately Rs 41,000 crore, has been trying to make inroads into the cricketing domain. Through its subsidiary, Torrent Sports Ventures Private Limited, it had previously bid for the Ahmedabad (Rs 4,653 crore) and Lucknow (Rs 4,356 crore) franchises in 2021, when the BCCI held an auction for two new ...

The Torrent Group, founded by Late Mr. U. N. Mehta in 1959 and currently lead by Mr. Sudhir Mehta and Mr. Samir Mehta, is a driving force dedicated to transforming life. It was four decades ago that Mr. U. N. Mehta embarked on a journey called Torrent for a simple cause and a unique sense of purpose - ‘Happiness for All’.

Nov 30, 2022 · Ranked 26 on the Forbes India Rich List 2022 with a net worth of $6.4 billion (₹51,821 crore), the brothers have built on the pharma business, Torrent Pharma, started by their father in 1959 as...