Investors Seek Approval to Acquire Stake in VIP Industries
A group of investors led by Multiples Equity has sought approval from the CCI. They intend to acquire a 32% stake in VIP Industries.
Key Details
- Acquisition Stake: 32% stake in VIP Industries
- Acquirers: Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities, Mithun Padam Sacheti, Siddhartha Sacheti, and Profitex Shares and Securities
- Transaction Value: Rs 1,437.78 crore (assuming full acceptance of the open offer)
About VIP Industries
- Company Overview: VIP Industries is Asia’s largest and the world’s second-largest luggage maker
- Market Capitalization: Rs 6,389.47 crore
- Revenue: Rs 2,169.66 crore (FY 2025)
Post-Acquisition Changes
- Control Transfer: Control of the company will be transferred to Multiples Private Equity
- Dilip Piramal Role: Dilip Piramal will be Chairman Emeritus of VIP Industries
