Author: Praachi Raniwala

RPSG Ventures is acquiring a 40 percent stake in FSP Design Private Limited, the parent company of Falguni Shane Peacock, a luxury fashion house spanning couture, ready-to-wear, bridal, menswear and accessories.RPSG Ventures valued the enterprise at 455.17 crore rupees ($54.6 million), making its acquisition through a combination of primary investment and secondary share purchase from existing shareholders. The group retains the option to acquire an additional 10 percent stake in FSP Design within the next 18-24 months.Founded in 2004 by husband-and-wife duo Falguni and Shane Peacock, the brand runs seven of its own stores in New Delhi, Mumbai, Hyderabad and…