RP-Sanjiv Goenka to acquire 40% stake in luxury label FSP Design

The transaction documents were executed on the same day, and RPSG Ventures will complete the acquisition of the 40 % stake within 24 hours of execution, with the right to acquire an additional 10 % of FSP Design’s issued share capital within 18 to 24 months of completion.

RP-Sanjiv Goenka Ventures Limited announced on 18 November 2025 that its Board approved a share subscription and purchase agreement along with a shareholders’ agreement with FSP Design Private Limited for the acquisition of a 40 % stake in the luxury apparel and accessories company at an enterprise value of Rs 455.17 crore, subject to a closing-price adjustment or true-up.

The transaction documents were executed on the same day, and RPSG Ventures will complete the acquisition of the 40 % stake within 24 hours of execution, with the right to acquire an additional 10 % of FSP Design’s issued share capital within 18 to 24 months of completion.

FSP Design, operating the luxury brand “Falguni Shane Peacock / “FSP”, is engaged in designing, manufacturing, marketing, sale and distribution of apparel and accessories through exclusive brand outlets, multi-brand stores and online channels in India and overseas. The company reported revenues of Rs 91.75 crore in FY 2024-25, Rs 76.50 crore in FY 2023-24 and Rs 68.50 crore in FY 2022-23.

This acquisition marks RPSG Ventures’ entry into the luxury couture and lifestyle segment, aligning with its strategy to build a diverse portfolio in the luxury fashion space.

The company confirmed that the transaction does not constitute a related-party deal, and promoters or promoter-group entities have no interest in FSP Design.