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Gujarat Titans' ownership up for grabs: Adani, Torrent lead the race

Business Standard LogoBusiness Standard4h ago

Gujarat Titans' ownership up for grabs: Adani, Torrent lead the race - Business Standard

Quick Summary:

In 2023, Adani secured the WPL's Ahmedabad franchise with a leading bid of Rs 1,289 crore.

On the revenue front, for the financial year ending March 2023, Irelia Sports recorded a net loss of Rs 429 crore on revenues of Rs 359 crore, with expenditures amounting to Rs 789 crore, the business daily said.

Adani, in contrast to Torrent, has already made strides in cricket by acquiring teams in the Women's Premier League (WPL) and the UAE's International League T20.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 09:51:49 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 621 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21680669

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 239 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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