The consideration for the acquisition of the aforementioned stake will be payable in cash.
Accordingly, a share subscription has been executed between the company, FSP Design, Messrs. Falguni Shane Peacock, Shane Jude Peacock, Hemen Rashmi Vimadalal and Siddharth Bharat Gandhi.
The company has also executed a shareholders’ agreement with FSP Design, Falguni Shane Peacock and Shane Jude Peacock.
Further, the company also has the right to acquire an additional 10% of the total issued and paid-up share capital of FSP Design, within 18 to 24 months from the completion of the proposed transaction.
FSP Design is engaged in the business of designing, manufacturing, marketing, sale and distribution of apparel and accessories through their luxury brand “Falguni Shane Peacock” / “FSP” and other associated intellectual properties sold at retail outlets via exclusive brand outlets, multi brand outlets stores and online sales in India and overseas. The company had recorded revenue of Rs 91.75 crore during the financial year 2024-25.
RPSG Ventures stated that the acquisition of strategic stake in FSP Design will enable the company to foray into the luxury couture and lifestyle segment, and will be a significant milestone towards its objective of building a diverse portfolio in the luxury fashion and lifestyle space.
RPSG Ventures is a part of the RP-Sanjiv Goenka group. The company holds investments in entities of the group operating in various sectors such as IT-related services, business process outsourcing, FMCG, real estate, etc. The company also ventured into sports business in FY21 through its subsidiaries, owning teams in different sports such as cricket, football and table tennis. The company also provides IT consultancy and support services to group entities in the power vertical (engaged in electricity generation and distribution) and generates stable income out of the same.
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