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Image Credit: Bloomberg Quint

VIP Industries Stake Sale: Next Generation Not Keen To Run Company, Says Dilip Piramal

  • VIP Industries Chairman Dilip Piramal mentioned that the next generation of the family is not interested in running the company.
  • The company plans to sell 32% stake to private equity investors due to management issues and declining market share.
  • Post the stake sale, Dilip Piramal's shareholding in the company will decrease to 19.73% from 51.73%.
  • Piramal emphasized the importance of shareholder interests and bringing in a new management team to address the challenges faced by the company.

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