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Created: 2025-07-14 00:31:45 UTC

VIP Industries Ltd. announced a significant deal where Dilip Piramal and Family will sell up to a XX% stake to the Multiples Consortium. This transaction will initiate an open offer under SEBI regulations. 🤝 Upon completion, Multiples Private Equity will gain control of the company, while Dilip Piramal will transition to the role of Chairman Emeritus. The deal aims to revitalize VIP's market presence. The transaction is subject to CCI approval.

- 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:
  ▪ Dilip Piramal & Family to sell up to XX% stake.
  ▪ Multiples Consortium to acquire the stake.
  ▪ Open offer to be triggered.
  ▪ Multiples Private Equity to take control.
  ▪ Dilip Piramal to become Chairman Emeritus.
  ▪ Transaction is subject to CCI approval.

- 𝗤𝘂𝗼𝘁𝗲𝘀:
  ▪ Dilip Piramal: "We are pleased to welcome Multiples consortium as strategic partners..."
  ▪ Renuka Ramnath (Multiples): "Multiples is excited to lead the ownership transition..."

- 𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘀:
  ▪ Arpwood Capital Private Limited: Financial Advisor to Sellers.
  ▪ JM Financial: Open Offer Manager.
  ▪ AZB & Partners: Legal Advisor to Sellers.
  ▪ Khaitan & Company: Legal Advisor to Multiples.
  ▪ Anagram Partners: Legal Advisor to Multiples Consortium members.

- 𝗔𝗯𝗼𝘂𝘁 𝗩𝗜𝗣 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀 𝗟𝘁𝗱: Asia’s largest and world’s second-largest luggage maker. 💼

- 𝗔𝗯𝗼𝘂𝘁 𝗠𝘂𝗹𝘁𝗶𝗽𝗹𝗲𝘀 𝗔𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗲 𝗔𝘀𝘀𝗲𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Leading Alternate Asset Management company in India. 🏢

📊 V I P INDUSTRIES LTD | 🏷️ Press Release / Media Release

🌐 Details:

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**Related Topics**
[private equity](/topic/private-equity)

[Post Link](https://x.com/wegro_app/status/1944555380966846671)