Latest news with #RPSGVentures
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Business Standard
29-07-2025
- Business
- Business Standard
RPSG Ventures shares gain 5% on 70% stake purchase in Manchester Originals
Shares of RPSG Ventures rose over 5 per cent on Tuesday after the company's subsidiary acquired over 70 per cent stake in a professional cricket franchise based in Manchester, England, for ₹860 crore. The company's stock rose as much as 5.09 per cent during the day to ₹999.9 per share, the biggest intraday rise since July 24 this year. The stock pared gains to trade 2.4 per cent higher at ₹974 apiece, compared to a 0.1 per cent advance in Nifty 50 as of 11:55 AM. Shares of the company have risen about 10 per cent from their recent lows of ₹876 per share in early July. The counter has fallen 5.4 per cent this year, compared to a 4.5 per cent advance in the benchmark Nifty 50. RPSG Ventures has a total market capitalisation of ₹3,221.46 crore. Track LIVE Stock Market Updates Here RPSG acquires 70% stake in Manchester Originals RPSG Sports Ventures Pvt. Ltd., a subsidiary of the RPSG Group, acquired a 70 per cent equity stake in Manchester Originals Limited, a professional cricket franchise based in Manchester, England, according to an exchange filing on Monday. The acquisition, valued at £81.21 million (approximately ₹860 crore), was completed on the date of this announcement, making Manchester Originals a subsidiary of RPSVPL and a step-down subsidiary of the parent company, the company said in a statement. The deal was executed through a Share Purchase Agreement with the England and Wales Cricket Board (ECB), with the consideration to be paid over a period of 24 months as outlined in the agreement. RPSVPL has also entered into related transaction documents with ECB, Manchester Originals Ltd., Lancashire County Cricket Club (LCCC), and other involved parties. About RPSG Ventures The company is an investment firm that seeks to back early-stage companies, particularly in sectors such as consumer products, technology, and healthcare. RPSG Ventures Limited, along with its subsidiaries, operates a diversified portfolio of businesses, including information technology (IT) services, business process management (BPM), fast-moving consumer goods (FMCG,) including ayurvedic formulations, real estate and sports.
Economic Times
29-07-2025
- Business
- Economic Times
RPSG Ventures shares rally 5% after acquiring 70% stake in Manchester Originals for £81.2 million
Live Events Turnover for Manchester Originals over the past three financial years stood at: FY24: GBP 2,044,639 FY23: GBP 1,965,385 FY22: GBP 1,431,719 (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of RPSG Ventures surged 4.7% to an intraday high of Rs 999.05 on the BSE on Tuesday, July 29, after its subsidiary RPSG Sports Ventures completed the acquisition of a 70% equity stake in Manchester Originals Ltd for a total consideration of GBP 81,210, acquisition amount, to be paid over a period of 24 months, marks a significant expansion of RPSG Ventures into international sports assets, particularly in the cricketing acquisition was executed via a Share Purchase Agreement signed with the England and Wales Cricket Board (ECB). Additionally, RPSGVPL has entered into supporting agreements with ECB, Manchester Originals, and Lancashire County Cricket Club Ltd (LCCC) in relation to the the completion of the deal, Manchester Originals has become a subsidiary of RPSGVPL and a step-down subsidiary of RPSG Originals is a professional cricket franchise based in Manchester, England, and competes in the 'The Hundred' competition. The team represents Lancashire and was incorporated on May 10, per audited financials, the franchise reported a turnover of GBP 2,044,639 for the financial year ending January transaction is not categorised as a related-party transaction, with the promoter group confirming no prior interest in the target entity. The consideration is entirely in cash, and RPSGVPL now holds 70 ordinary shares, representing 70% equity in Manchester Monday, the shares of RPSG Ventures closed 4.3% lower at Rs 953.95 on the BSE: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
29-07-2025
- Business
- Time of India
RPSG Ventures shares rally 5% after acquiring 70% stake in Manchester Originals for £81.2 million
Shares of RPSG Ventures surged 4.7% to an intraday high of Rs 999.05 on the BSE on Tuesday, July 29, after its subsidiary RPSG Sports Ventures completed the acquisition of a 70% equity stake in Manchester Originals Ltd for a total consideration of GBP 81,210,000. The acquisition amount, to be paid over a period of 24 months, marks a significant expansion of RPSG Ventures into international sports assets, particularly in the cricketing space. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management healthcare Public Policy PGDM others MBA Product Management Finance Technology Degree MCA Cybersecurity Management Data Science Leadership Design Thinking Healthcare Operations Management CXO Data Science Others Data Analytics Artificial Intelligence Digital Marketing Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Are you ready to conquer a planet? Undo The acquisition was executed via a Share Purchase Agreement signed with the England and Wales Cricket Board (ECB). Additionally, RPSGVPL has entered into supporting agreements with ECB, Manchester Originals, and Lancashire County Cricket Club Ltd (LCCC) in relation to the transaction. Following the completion of the deal, Manchester Originals has become a subsidiary of RPSGVPL and a step-down subsidiary of RPSG Ventures. Manchester Originals is a professional cricket franchise based in Manchester, England, and competes in the 'The Hundred' competition. The team represents Lancashire and was incorporated on May 10, 2019. Live Events As per audited financials, the franchise reported a turnover of GBP 2,044,639 for the financial year ending January 2024. The transaction is not categorised as a related-party transaction, with the promoter group confirming no prior interest in the target entity. The consideration is entirely in cash, and RPSGVPL now holds 70 ordinary shares, representing 70% equity in Manchester Originals. Turnover for Manchester Originals over the past three financial years stood at: FY24: GBP 2,044,639 FY23: GBP 1,965,385 FY22: GBP 1,431,719 Also read: NSDL IPO: What GMP signals ahead of launch and what it means for investors On Monday, the shares of RPSG Ventures closed 4.3% lower at Rs 953.95 on the BSE ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Upturn
29-07-2025
- Business
- Business Upturn
RPSG Ventures shares rise over 3% after Manchester Originals acquisition update
By Aditya Bhagchandani Published on July 29, 2025, 09:41 IST Shares of RPSG Ventures Ltd jumped over 3.6% on Monday, July 29, to ₹986.00 on the NSE after the company confirmed the acquisition of a majority stake in a UK-based cricket franchise. The surge came after RPSG Sports Ventures Pvt Ltd (RPSVPL), a subsidiary of RPSG Ventures, executed a Share Purchase Agreement with the England and Wales Cricket Board (ECB) to acquire a 70% equity stake in Manchester Originals Ltd. According to the company's stock exchange filing, the acquisition was completed on July 28, 2025, for a total consideration of GBP 81.21 million (approx ₹941 crore), to be paid over a period of 24 months. This strategic move brings Manchester Originals—a team in 'The Hundred' cricket tournament—under RPSG's sports portfolio. The management said the acquisition is part of RPSG's long-term vision to strengthen its footprint in the global sports ecosystem, particularly in cricket. It expects the deal to open up international growth opportunities through collaborations, talent development, and increased brand visibility across major cricket markets. Manchester Originals, founded in 2019, had a turnover of GBP 2.04 million for the financial year ending January 2024. The team represents Lancashire in The Hundred and becomes a step-down subsidiary of RPSG Ventures following the acquisition. The announcement was well received by investors, pushing the stock to its day's high of ₹988.65. RPSG shares have now gained over 45% in the past six months. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
15-05-2025
- Business
- Business Standard
RPSG Ventures reports consolidated net loss of Rs 13.11 crore in the March 2025 quarter
Sales rise 25.81% to Rs 2541.26 crore Net Loss of RPSG Ventures reported to Rs 13.11 crore in the quarter ended March 2025 as against net loss of Rs 99.78 crore during the previous quarter ended March 2024. Sales rose 25.81% to Rs 2541.26 crore in the quarter ended March 2025 as against Rs 2019.97 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 49.04 crore in the year ended March 2025 as against net loss of Rs 42.46 crore during the previous year ended March 2024. Sales rose 20.85% to Rs 9608.35 crore in the year ended March 2025 as against Rs 7950.94 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2541.262019.97 26 9608.357950.94 21 OPM % 13.1710.76 - 14.2915.72 - PBDT 201.0453.42 276 735.42678.60 8 PBT 98.14-24.10 LP 365.43376.84 -3 NP -13.11-99.78 87 -49.04-42.46 -15
