Divestment7 May 2026, 03:58 pm
RPSG Ventures Sells Stake in Incnut, Momjunction, Stylecraze
AI Summary
RPSG Ventures Ltd has entered into share purchase agreements to sell its entire investment in Compulsory Convertible Preference Shares (CCPS) in Incnut Digital Private Limited, Momjunction Private Limited, and Incnut Stylecraze Private Limited to Veerendra Shivhare, Sangram Simha Datla, and Chaitanya Chakravartin Nallan. The total consideration from the sale of CCPS in Incnut Digital is ₹11.76 Crore, Momjunction is ₹0.61 Crore, and Incnut Stylecraze is ₹0.15 Crore.
Key Highlights
- RPSG Ventures sells its entire investment in CCPS of three entities.
- Buyers are Veerendra Shivhare, Sangram Simha Datla, and Chaitanya Chakravartin Nallan.
- Total consideration for Incnut Digital sale is ₹11.76 Crore.
- Total consideration for Momjunction sale is ₹0.61 Crore.
- Total consideration for Incnut Stylecraze sale is ₹0.15 Crore.