RPSG Ventures Limited has entered into three Share Purchase Agreements (SPAs) to sell its entire investment in Compulsory Convertible Preference Shares (CCPS) of Incnut Digital Private Limited, Momjunction Private Limited, and Incnut Stylecraze Private Limited. The CCPS will be converted into Equity Shares in a 1:1 ratio before the sale. The aggregate consideration for the sale of investments in Incnut Digital Private Limited is ₹11.76 crore, distributed equally among the buyers: M/s. Veerendra Shivhare, M/s. Sangram Simha Datla, and M/s. Chaitanya Chakravarthi Nallan. Each buyer will acquire 1937 CCPS from two sellers and 1936 CCPS from one seller. For Momjunction Private Limited, the total consideration for the sale of investments is ₹0.61 crore. Similarly, the sale of investments in Incnut Stylecraze Private Limited amounts to ₹0.15 crore. In both these entities, the investment sale is split among the same three buyers, with each acquiring 1937 CCPS from two sellers and 1936 CCPS from one seller. The buyers are not associated with the promoter, promoter group, or group companies of RPSG Ventures. The transaction is confirmed not to be a related party transaction, a slump sale, or an amalgamation/merger. The company has informed the National Stock Exchange of India Limited and BSE Limited about this divestment.
