<ul data-eligibleForWebStory="false"><li>VIP Industries saw a share price drop of over 5% following the announcement of a stake sale by promoter group entities to private equity investors.</li><li>Promoter Dilip Piramal and group's shareholding in VIP Industries will decrease from 51.73% to 19.73% post the stake sale.</li><li>The stake sale will involve a 32% stake and an open offer for an additional 26% shares, potentially allowing certain purchasers to acquire management control of the company.</li><li>Shares of VIP Industries fell 5.34% to Rs 432.15 apiece but later traded 4.39% lower at Rs 436.50 apiece. Analysts have mixed ratings on the stock, with an average price target suggesting a potential downside.</li></ul>

VIP Industries Share Price Fall Over 5% After Promoter Group Entities Plan Stake Sale

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