<ul data-eligibleForWebStory="false"><li>VIP Industries Ltd. experienced an ownership change as a consortium led by Multiples, Samvibhag Securities, and entrepreneurs Mithun and Siddhartha Sacheti acquired a 32% stake in the company.</li><li>The new ownership brings strong backers with proven track records in turning around firms, including Renuka Ramnath's Multiples and Samvibhag, potentially signaling a transformation in VIP's strategic direction.</li><li>Investec views the new ownership positively, anticipating a turnaround for VIP with improvements in inventory management, pricing strategy, and marketing approach. Safari is expected to benefit from these developments as well.</li><li>VIP is trading at 47x FY27E PE with a target price set at Rs 375 by Investec, while Safari trades at 45x FY27E PE with a higher target price of Rs 2,530 due to a stronger growth outlook.</li></ul>

VIP Industries: Investec Positive On VIP Turnaround After Ownership Change

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