<ul data-eligibleForWebStory="false"><li>Promoter group entities of VIP Industries plan to sell 32% stake in the company to private equity investors and others, including Multiples Private Equity Fund IV, Samvibhag Securities, and individual investors.</li><li>The stake sale will reduce Dilip Piramal and the group's shareholding in VIP Industries from 51.73% to 19.73%.</li><li>Buyers aim to acquire approximately 32% of the total paid-up share capital, with a subsequent open offer for an additional 26% shares to potentially take management control of the company.</li><li>VIP Industries stock rose during the day, closing 3.04% higher at Rs 491 apiece on the NSE, following the announcement of the stake sale.</li></ul>

VIP Industries: Promoter Group Entities To Offload 32% Stake

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