VIP Ind promoters cut stake at discount in deal valued at Rs 1,763 crore
- Posted on July 14, 2025
- By Financial Express
- 2 Views
VIP Ind promoters cut stake at discount in deal valued at Rs 1,763 crore
VIP Industries promoters sell 32% stake at Rs 1,763 crore to Multiples PE and others, triggering Rs 1,437 crore open offer. Total deal size may hit Rs 3,200 crore. Promoter stake drops to 19.84%. Move aims to revive growth amid rising competition and falling market share.
