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.
