RPSG Ventures jumps as its arm acquires 70% stake in Manchester Originals
RPSG Ventures is currently trading at Rs. 973.00, up by 19.05 points or 2.00% from its previous closing of Rs. 953.95 on the BSE.
The scrip opened at Rs. 966.60 and has touched a high and low of Rs. 999.05 and Rs. 960.00 respectively. So far 5933 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1357.40 on 28-Aug-2024 and a 52 week low of Rs. 712.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1028.10 and Rs. 930.00 respectively. The current market cap of the company is Rs. 3219.47 crore.
The promoters holding in the company stood at 63.51%, while Institutions and Non-Institutions held 5.43% and 31.06% respectively.
RPSG Ventures’ subsidiary -- RPSG Sports Ventures (RPSVPL) has executed a Share Purchase Agreement with England and Wales Cricket Board (ECB) for acquisition of 70% equity stake in Manchester Originals (Proposed Transaction) for a total consideration of 81.21 million pounds to be paid over a period of 24 months. In addition to the Share Purchase Agreement, RPSVPL has also entered into other transaction documents with ECB, Manchester Originals, Lancashire County Cricket Club (LCCC) and/or the company, in relation to the Proposed Transaction.
RPSVPL has also completed the acquisition of 70% equity stake in Manchester Originals. Consequently, Manchester Originals has now become a subsidiary of RPSVPL and a step-down subsidiary of the company.
RPSG Ventures is engaged in the fields of information technology and allied services.
