RPSG Ventures Divests Entire CCPS Holdings in Three Entities via Share Purchase Agreements

2 min read     Updated on 08 May 2026, 05:34 AM
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Reviewed by
Anirudha BScanX News Team
AI Summary

RPSG Ventures Limited entered into three Share Purchase Agreements on May 7, 2026, to sell its entire CCPS holdings in Incnut Digital Private Limited, Momjunction Private Limited, and Incnut Stylecraze Private Limited to three buyers—Veerendra Shivhare, Sangram Simha Datla, and Chaitanya Chakravarty Nallan—for a combined consideration of Rs. 12.52 crore. The transactions are not related party transactions and do not constitute a slump sale or amalgamation/merger.

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RPSG Ventures Limited has disclosed, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it entered into three Share Purchase Agreements (SPAs) on May 7, 2026, to sell its entire investment in three entities. The investments are held in the form of Compulsory Convertible Preference Shares (CCPS), which are to be converted into Equity Shares in a 1:1 ratio prior to the sale and transfer as stipulated under the respective SPAs.

Transaction Overview

The buyers across all three transactions are M/s. Veerendra Shivhare, M/s. Sangram Simha Datla, and M/s. Chaitanya Chakravarty Nallan (collectively referred to as the "Buyers"). The company has confirmed that the Buyers do not belong to the promoter, promoter group, or group companies of RPSG Ventures. The transactions are not classified as related party transactions, nor do they constitute a slump sale or amalgamation/merger.

Details of the Divestments

The divestment spans three portfolio entities, with a total of 5,810 CCPS being sold in each entity. The consideration for each entity and buyer is detailed below.

Incnut Digital Private Limited

Parameter: Details
Total CCPS: 5,810
Total Consideration: Rs. 11.76 crore
Buyer: Number of CCPS Consideration (Rs. in Crore)
Chaitanya Chakravarty Nallan 1,937 3.92
Sangram Simha Datla 1,937 3.92
Veerendra Shivhare 1,936 3.92
Total 5,810 11.76

Momjunction Private Limited

Parameter: Details
Total CCPS: 5,810
Total Consideration: Rs. 0.61 crore
Buyer: Number of CCPS Consideration (Rs. in Crore)
Chaitanya Chakravarty Nallan 1,937 0.205
Sangram Simha Datla 1,937 0.205
Veerendra Shivhare 1,936 0.20
Total 5,810 0.61

Incnut Stylecraze Private Limited

Parameter: Details
Total CCPS: 5,810
Total Consideration: Rs. 0.15 crore
Buyer: Number of CCPS Consideration (Rs. in Crore)
Chaitanya Chakravarty Nallan 1,937 0.05
Sangram Simha Datla 1,937 0.05
Veerendra Shivhare 1,936 0.05
Total 5,810 0.15

Regulatory Compliance

The disclosure was made by Sudip Kumar Ghosh, Compliance Officer of RPSG Ventures Limited, and was digitally signed on May 7, 2026. The intimation was filed with both the National Stock Exchange of India Limited and BSE Limited in accordance with Regulation 30 of the SEBI Listing Regulations. The company has confirmed that the transactions do not fall under the category of related party transactions, slump sales, or corporate restructuring events such as amalgamation or merger.

Historical Stock Returns for RPSG Ventures

1 Day5 Days1 Month6 Months1 Year5 Years
-5.00%+21.40%+0.28%+21.97%+34.44%+167.07%

How will RPSG Ventures redeploy the approximately Rs. 12.52 crore in proceeds from these divestments, and does this signal a broader portfolio restructuring strategy?

What does the significant valuation disparity between Incnut Digital (Rs. 11.76 crore) and Incnut Stylecraze (Rs. 0.15 crore) suggest about the future growth trajectories of these digital content businesses under new ownership?

Could the coordinated acquisition of stakes in all three entities by the same three buyers indicate plans for consolidation or integration of Incnut Digital, MomJunction, and Incnut Stylecraze into a unified digital media platform?

RPSG Ventures Promoter Group Declares Combined Shareholding of 56,842 Shares

1 min read     Updated on 22 Apr 2026, 04:58 AM
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Reviewed by
Radhika SScanX News Team
AI Summary

RPSG Ventures Limited received regulatory disclosure from promoter group regarding substantial shareholding under SEBI regulations. Sanjiv Goenka filed combined declaration showing total promoter group holding of 56,842 shares, with confirmation of no share encumbrance during financial year ended March 31, 2026.

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RPSG Ventures Limited has received a regulatory disclosure from its promoter group regarding substantial shareholding under SEBI regulations. Sanjiv Goenka, the company's promoter, filed a combined declaration on behalf of family members forming part of the promoter group on April 2, 2026.

Regulatory Disclosure Details

The disclosure was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The filing was addressed to both stock exchanges - National Stock Exchange of India Limited and BSE Limited - along with the company's Audit Committee.

Promoter Group Shareholding Breakdown

The combined disclosure reveals the detailed shareholding pattern of the promoter group members in RPSG Ventures Limited:

Name of Person: Category No of Shares
Sanjiv Goenka: Promoter 26,958
Shashwat Goenka: Promoter Group 22,281
Preeti Goenka: Promoter Group 5,044
Sanjiv Goenka HUF: Promoter Group 2,459
Avarna Jain: Promoter Group 100
Total: 56,842

Share Encumbrance Status

The promoter group confirmed that no encumbrance of shares was made, either directly or indirectly, during the financial year ended March 31, 2026. This declaration provides transparency regarding the promoter group's shareholding status and compliance with regulatory requirements.

Compliance and Transparency

The filing demonstrates RPSG Ventures Limited's commitment to regulatory compliance and stakeholder transparency. The disclosure ensures that investors and market participants have access to current information about the promoter group's shareholding pattern and any changes in their equity positions.

This regulatory filing comes as part of the company's ongoing compliance obligations under SEBI regulations, maintaining transparency in corporate governance and shareholding disclosures.

Historical Stock Returns for RPSG Ventures

1 Day5 Days1 Month6 Months1 Year5 Years
-5.00%+21.40%+0.28%+21.97%+34.44%+167.07%

What strategic initiatives might RPSG Ventures pursue given the concentrated promoter shareholding structure?

How could the succession planning within the Goenka family impact future corporate governance decisions?

Will RPSG Ventures consider raising additional capital through equity dilution or debt financing for expansion plans?

More News on RPSG Ventures

1 Year Returns:+34.44%