Multiples PE Buys 26% Stake in VIP Industries; Piramal Group Exits

• Multiples Private Equity acquired approximately a 26% stake in VIP Industries through a large block deal on December 24, 2025.
• Promoter Piramal Group (Piramal Vibhuti Investments) sold 1.45 crore shares at ₹388 each, exiting a significant portion.
• Multiples PE purchased 2.65 crore shares, while Samvibhag Securities (linked to Akash Bhansali) bought 97.65 lakh shares, all at ₹388 per share.
• VIP Industries shares closed 11% higher at ₹408 after the news, following an opening at ₹362 and a high of ₹435.
• The entry of a private equity giant like Multiples PE signals potential for strategic changes and long-term value creation in VIP Industries.

Why It Matters: Multiples PE's 26% stake acquisition from Piramal Group signals new strategic direction for VIP Industries.