RPSG VENTURES LIMITED has informed the Exchange about General Updates
RPSGVENT · price
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RPSG Ventures has entered into Share Purchase Agreements to sell its entire holding of Compulsorily Convertible Preference Shares (CCPS) in three entities — Incnut Digital Private Limited, Momjunction Private Limited, and Incnut Stylecraze Private Limited — to three individual buyers who are not related to the promoter or promoter group. The total consideration across all three deals is approximately Rs. 12.52 crore, with Incnut Digital commanding the bulk at Rs. 11.76 crore. The company clarified the transaction is not a related party transaction and does not constitute a slump sale, amalgamation, or merger.
The sale of non-core digital/content business investments for Rs. 12.52 crore is minor in scale relative to the company's overall operations and is unlikely to have any material impact on the stock price. It reflects portfolio rationalisation rather than any distress.