VIP Industries Promoters to Trim Stake Further by 4% via Block Deal

• VIP Industries promoters plan to sell an additional 4% stake through a block deal.
• The book-building process has begun, with the transaction expected to be executed soon.
• Post-sale, promoters will retain approximately a 16% stake, marking the final leg of their selling process.
• Earlier this month, 26% stake was transferred to Multiples PE, which Chairman Dilip Piramal sees as beneficial for growth.
• VIP Industries shares closed 0.7% higher at ₹382, despite a 21% decline this year, its worst since 2013.

Why It Matters: VIP Industries promoters are offloading a final 4% stake, aiming for strategic growth with Multiples PE.