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VIP Industries promoter Piramal family completes stake sale to Multiples after large dealPromoters of VIP Industries had sold the first part of this sale, a 6.2% stake in September this year for ₹343 crore. The remaining stake has been sold today.By Mangalam Maloo   |  Surabhi Upadhyay   |  Reema Tendulkar  December 24, 2025, 10:23:44 AM IST (Updated)2 Min ReadPiramal family, promoters of luggage manufacturer VIP Industries Ltd., have completed the transfer of their stake to Multiples PE after another large trade took place on Wednesday, December 24.

As many as 3.68 crore shares or 25.9% of the company's outstanding equity, changed hands in two large transactions that took place on Wednesday.

In July this year, the promoters of VIP Industries had entered into a share purchase agreement to sell up to 32% stake they own. Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities Pvt. Ltd., Mithun Sacheti and Siddhartha Sacheti, came together to acquire 32% stake in VIP Industries.

The news had also confirmed a CNBC-TV18 newsbreak from July 10.

Promoters of VIP Industries had sold the first part of this sale, a 6.2% stake in September this year for ₹343 crore.

Multiples Private Equity Fund had picked up 60 lakh shares for ₹233 crore, while Samvibhag Securities had acquired 22 lakh shares for ₹86 crore. After today's transaction, the promoter family still owns around 20% stake in the company.

Promoters of VIP Industries had earlier alluded to exploring selling their stake due to a lack of succession.

Shares of VIP Industries are trading 5.7% higher on Wednesday after the transactions at ₹386.5. The stock made an intraday high of ₹397, which is higher than the open offer price from Multiples of ₹388 apiece. The stock is still down 20% so far in 2025.Continue ReadingFirst Published: Dec 24, 2025 10:10 AM ISTTagsblock dealshare market todayVIP IndustriesVIP Industries share price