RPSG Ventures has acquired 51% shareholding in the share capital of RPSG Sports Venture (RSVPL), a company incorporated under the laws of India and having its registered office at 2A, Lord Sinha Road, Kolkata, from the existing shareholders of RSVPL.
The company has also executed a share purchase agreement dated August 30, 2022 with RSVPL and its existing shareholders for the acquisition of 5,100 equity shares of RSVPL aggregating to 51% of the issued and paid-up share capital of RSVPL. Pursuant to the Proposed Transaction, RSVPL has become a subsidiary of RPSG Ventures.
RPSG Ventures was incorporated with the objective of engaging, inter alia, in the business of owning, operating, investing and promoting business in the fields of information technology, business process outsourcing and such other ventures.
