<ul data-eligibleForWebStory="false">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.