RPSG Ventures shares rise over 3% after Manchester Originals acquisition update
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.
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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.
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