Divestment21 May 2026, 07:33 pm
RPSG Ventures Divests Incnut Digital, Momjunction & Stylecraze
AI Summary
RPSG Ventures Ltd has sold its entire investment in Incnut Digital Private Limited, Momjunction Private Limited, and Incnut Stylecraze Private Limited. The sale was executed through Share Purchase Agreements (SPAs) with Veerendra Shivhare, Sangram Simha Datla, and Chaitanya Chakravartin Nallan. The total consideration received for Incnut Digital Private Limited is ₹11.76 Crore, for Momjunction Private Limited is ₹0.61 Crore, and for Incnut Stylecraze Private Limited is ₹0.15 Crore.
Key Highlights
- RPSG Ventures sold its stake in Incnut Digital for ₹11.76 Crore.
- The company divested its investment in Momjunction for ₹0.61 Crore.
- RPSG Ventures sold its stake in Incnut Stylecraze for ₹0.15 Crore.
- The sales were executed via Share Purchase Agreements with three buyers.
- The investment was in the form of Compulsory Convertible Preference Shares.
Price Impact
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