VIP Industries Shares Soar 7% After Block Deal Sells 26% Stake

• VIP Industries shares surged over 7% to ₹393.50 on Wednesday following a major block deal.
• Approximately 3.7 crore shares, representing a 26% stake in the company, were traded in the block deal.
• The deal is part of ongoing ownership changes, with promoters previously selling stakes, including a 6.2% stake in September.
• Multiples Private Equity and partners acquired a 32% stake in July and announced a mandatory open offer for an additional 26% at ₹388 per share.
• Despite today's rally, VIP Industries shares have fallen about 19% so far this year.

Why It Matters: VIP Industries sees a 7% share jump driven by a 26% block deal amidst ongoing ownership restructuring.