26 Sep 2025 | 5 Mins Read
Promoters offloading 6.2% stake in VIP Industries for ₹343 crore
Flipitmoney
Promoters of VIP Industries sold 6.2% stake through a ₹343 cr block deal. Multiples Private Equity Fund and Samvibhag Securities, who recently acquired 32% stake, acquired additional shares. The overall transaction value for a 58% stake will be ₹3,200 crore. VIP Industries' managing director Neetu Kashiramka resigned, and Atul Jain was appointed as the new managing director with a five-year term.