Acquisitions14 Jul 2025, 08:20 am
Multiples Private Equity Funds to Acquire 26% Stake in VIP Industries for INR 1,437 Crore
AI Summary
Multiples Private Equity Fund IV and Multiples Private Equity Gift Fund IV, along with other entities, have announced an open offer to acquire up to 26% stake in VIP Industries Limited. The offer is priced at INR 388.00 per share, amounting to a total consideration of INR 1,437.78 crore. The offer is being made in compliance with the SEBI (SAST) Regulations and is not conditional upon any minimum level of acceptance.
Key Highlights
- Multiples Private Equity Fund IV and Multiples Private Equity Gift Fund IV to acquire up to 26% stake in VIP Industries Limited
- Offer price set at INR 388.00 per share
- Total consideration amounts to INR 1,437.78 crore
- Offer made in compliance with SEBI (SAST) Regulations
- Not conditional upon any minimum level of acceptance