Multiples private equity funds launch open offer for V.I.P. Industries

The Acquirers, Multiples Private Equity Fund IV and Multiples Private Equity GIFT Fund IV, along with PACs Samvibhag Securities Private Limited, Mithun Padam Sacheti, Siddhartha Sacheti, and Profitex Shares and Securities Private Limited, are making a cash offer to acquire up to 37,056,229 equity shares of V.I.P. Industries Limited. This represents 26.03% of the expanded share capital, at a price of INR 388.00 per equity share, totaling a maximum consideration of INR 14.38 bn. The offer follows the acquisition of 5.89% of V.I.P. Industries' expanded share capital by the Acquirers and PACs on September 26, 2025.

The tendering period for this open offer is scheduled to commence on Monday, November 3, 2025, and conclude on Monday, November 17, 2025. The escrow account holds INR 14.38 bn, exceeding 100% of the maximum consideration. The Competition Commission of India approved the underlying transaction and open offer on August 26, 2025.

V.I.P. Industries Limited's equity shares are frequently traded on NSE, with the offer price being the highest of the parameters under SEBI (SAST) Regulations. Public shareholders can tender shares in dematerialized or physical form, with acceptance on a proportionate basis if tendered shares exceed the offer size.