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Kemp and Company's board has approved the sale of up to 33,53,280 equity shares held in VIP Industries Limited. The sale price is Rs 388 per share. For the 17,04,236 shares being sold, this translates to an aggregate consideration of Rs 66.12 Cr, against a book value of Rs 5.09 Cr (approx. 25% of Kemp's net worth). This significant divestment includes a share purchase and shareholders’ agreement, under which the purchasers will collectively acquire around 32% of VIP Industries and gain the right to nominate a majority of its directors, fundamentally altering VIP Industries' control structure. The existing promoter group will have vote-along obligations.