Multiples PE Funds Acquire 26% Stake in VIP Industries from Promoters

• Multiples PE Gift Fund, Multiples PE Fund, and Samvibhag Securities acquired a 25.55% equity stake in VIP Industries on December 24.
• The acquisition involved 2.65 crore shares at Rs 388 per share, totaling Rs 1,408.29 crore from former promoters.
• Existing promoters like DGP Securities and Piramal Vibhuti Investments sold a combined 26.07% stake for Rs 1,436.88 crore.
• This significant transaction drastically reduced the former promoters' shareholding in VIP Industries.
• VIP Industries shares surged 11.61% to Rs 408.05 following the large stake acquisition.

Why It Matters: Multiples PE funds now hold a significant stake in VIP Industries after a major promoter stake sale.