Multiples to Take Over VIP Industries

  Published 1 year ago

VIP Industries founders to sell up to 32% stake to Multiples Private Equity, transferring company control while retaining shareholding.

  • Deal triggers open offer as per SEBI Takeover Regulations; Dilip Piramal to remain Chairman Emeritus post-transaction.
  • Multiples aims to revive VIP Industries’ legacy and competitiveness in India’s struggling luggage market.
  • Strategic partnership marks key step in VIP’s turnaround and market repositioning under new leadership structure.

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