FilingReader Intelligence
VIP Industries promoter group sells 32% stake
July 13, 2025 at 03:29 PM UTC•By FilingReader AI
VIP Industries' promoter group sold 32% of the luggage manufacturer to investors including Multiples Private Equity Fund IV on July 13, 2025.
The transaction grants purchasers management and control of VIP Industries upon Competition Commission of India approval. The buyers must also make an open offer for an additional 26% of the company's voting shares.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:VIPIND•Bombay Stock Exchange
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