<ul data-eligibleForWebStory="false"><li>Promoters of VIP Industries are set to sell 32% stake in the company to Multiples PE and three other entities.</li><li>The stake sale involves selling up to 4.54 crore shares to Multiples PE, Samvibhag Securities, Mithun Padam Sancheti, and Siddhartha Sancheti.</li><li>Certain buyers will also make an open offer to acquire an additional 26% stake in VIP Industries post the acquisition.</li><li>The financial details of the transaction were not disclosed initially, and the acquirers will gain management and control of VIP Industries by nominating directors to the board.</li></ul>

VIP Industries promoters to sell 32% stake in co to Multiples PE, 3 others

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