VIP Industries Shares Soar 15% as Piramal Family Completes Multiples Stake Sale

• VIP Industries shares surged 15% after the Piramal family completed the transfer of their stake to Multiples PE.
• 3.68 crore shares (25.9% equity) changed hands in two large transactions on Wednesday, December 24.
• Promoters had agreed in July to sell up to 32% stake to Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities Pvt. Ltd., Mithun Sacheti, and Siddhartha Sacheti.
• The first tranche of 6.2% stake was sold in September for ₹343 crore, with Multiples Private Equity Fund and Samvibhag Securities acquiring shares.
• The Piramal family still retains approximately 20% stake, having cited lack of succession as a reason for the sale.

Why It Matters: VIP Industries stock jumped significantly as the Piramal family finalized its stake sale to Multiples PE.