Archive · 24 Dec 2025
VIP Industries Stock Rallies 9% Amid High Turnover
VIP Industries, a luggage maker, saw its stock price go up by nearly 9% on Wednesday.
This happened because a lot of shares were traded, about 3.74 crore, which is much more than usual.
The company's total value in the market is around Rs 5,498.10 crore.
Some big investors are offering to buy a large part of the company, about 26.03%, for Rs 388 per share.
The promoters, who own nearly half of the company, are selling some of their shares.
This has led to some changes in the company's leadership.
The new management will now work on a plan to improve the company's performance, which has been weak for the past few years.
VIP Industries stock rose 8.92% to Rs 397.30 per share amid high turnover of 3.74 crore shares.
Total turnover reached Rs 1,453.33 crore with market capitalization at Rs 5,498.10 crore.
Multiples Private Equity Funds launched an open offer for 26.03% stake at Rs 388 per share.
Promoters, holding 49.73% stake, are selling up to 32% of their stake, leading to leadership changes.
New Managing Director Atul Jain appointed; Sameer Wanchoo named Chief Marketing Officer.
- Who
- VIP Industries Ltd, Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV
- What
- Stock rally and open offer for stake sale
- When
- Wednesday's trade
- Where
- Stock exchanges in India
- Why
- High turnover and open offer for stake sale by promoters
- Stock Price Increase
- 8.92%
- Shares Traded
- 3.74 crore
- Turnover
- Rs 1,453.33 crore
- Market Capitalization
- Rs 5,498.10 crore
- Open Offer Price
- Rs 388 per share
- Stake Offered
- 26.03%
- Promoter Stake
- 49.73%
- New Managing Director
- Atul Jain