Sale20 Nov 2025, 06:12 pm
VIP Industries Ltd. to Sell Non-Core Asset 'VIP House' for INR 40.71 Crores to Promoter Group Company Kemp & Company Ltd.
AI Summary
VIP Industries Ltd. has entered into a binding agreement with Kemp & Company Ltd., a part of the Promoter Group, for the sale of its non-core asset 'VIP House' located at Prabhadevi, Mumbai for INR 40.71 crores. The transaction is not a material-related party transaction and is being carried out at arm's length. The Company holds 1.77% of total shareholding of Kemp & Company Limited.
Key Highlights
- VIP Industries Ltd. to sell non-core asset 'VIP House' for INR 40.71 crores
- Kemp & Company Ltd., part of the Promoter Group, is the buyer
- Transaction is not a material-related party transaction
- Being carried out at arm's length
- Company holds 1.77% of total shareholding of Kemp & Company Limited