RPSG Ventures wins on fundraising proposal

RPSG Ventures rose 1.74% to Rs 770.40 after the company said its board would consider the fundraising proposal on January 13, 2022.

The funds would be raised by the issue of one or more instruments/securities including shares, convertible securities of any description or warrants or debt securities, by preferential issue on a private placement basis to the sponsor /sponsor group or to any other investor, rights issue or any other method or combination thereof, including determination of the issue price which may be permitted by applicable laws, subject to regulatory/statutory approvals which may be required and the approval of the shareholders of the company.

RPSG Ventures was incorporated on February 7, 2017 as a wholly owned subsidiary of CESC, a flagship company of RP-Sanjiv Goenka Group. The company was incorporated for the purpose of engaging in the fields of information technology, business process outsourcing and other similar businesses.

The company’s consolidated net profit decreased by 18.03% to Rs 12.87 crore on a 22.06% increase in sales to Rs 1599.39 crore in Q2 FY22 compared to Q2 FY21.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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