RPSG Ventures, a strategic arm of the RP-Sanjiv Goenka Group, announced that it has signed definitive agreements to acquire a 40 per cent stake in FSP Design Private Ltd, the company behind luxury fashion label Falguni Shane Peacock.

Under the agreements, RPSG Ventures will acquire the 40 per cent stake through a combination of primary investment and secondary share purchase from existing shareholders Falguni Shane Peacock, Shane Jude Peacock and other shareholders. As per a BSE filing, the proposed acquisition of 40 per cent of the total issue and paid-up share capital of FSP Design is being done at an enterprise value of ₹455.17 crore, subject to conditions.

The company will also have the right to acquire an additional 10 per cent stake in FSP Design within 18-24 months of completion o

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