Archive · 27 Jul 2025
Multiples Equity Consortium Plans to Acquire VIP Industries Stake
A group of investors, led by Multiples Equity, wants to buy a large part of VIP Industries, which makes luggage.
They've asked the government for permission.
The current owners, the Piramal family, are selling some of their shares.
This means they will also buy more shares from the public.
After the deal, the new investors will run the company, but the Piramal family will still own some shares and Dilip Piramal will be an advisor.
The investors will pay about 1400 crore rupees for this.
Multiples Equity-led consortium seeks CCI approval to acquire a 32% stake in VIP Industries.
Dilip Piramal and Family will sell up to 32% of their stake in VIP Industries.
The deal will trigger an open offer to acquire 26% shares from the open market.
Multiples Equity will gain control of VIP Industries, while Dilip Piramal remains a shareholder and Chairman Emeritus.
The total consideration payable by Multiples Equity is expected to be ₹1,437.78 crore.
- Who
- Multiples Equity-led consortium and Dilip Piramal and Family (sellers).
- What
- Multiples Equity-led consortium seeks to acquire a 32% stake in VIP Industries.
- When
- The announcement was made on July 13, 2025 and the notice was filed with CCI on Friday, July 25, 2025.
- Where
- Mumbai-based VIP Industries, with operations across 45 countries.
- Why
- To acquire a significant stake and gain control of VIP Industries.
- Target
- VIP Industries
- Acquirer
- Multiples Equity-led consortium
- Stake
- 32% acquisition
- Open Offer
- 26% share from open market
- Consideration
- ₹1,437.78 crore
- Promoter Stake (June 2025)
- 51.73%
- Market Cap
- ₹6,389.47 crore
- Revenue (FY25)
- ₹2,169.66 crore