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VIP Industries Limited — Updates, 14-07-2025: Press Release
14-07-2025 | 01:07 am
14-07-2025 | 01:07 am
VIP Industries is undergoing a significant ownership change, with Multiples Consortium agreeing to acquire up to a 32% stake from Dilip Piramal and Family. This strategic deal will result in Multiples taking control of the company, triggering an open offer. Dilip Piramal will assume the role of Chairman Emeritus. This move aims to revitalize VIP's strong legacy, boost its standing in the Indian luggage market, and drive its next phase of growth. The transaction awaits necessary approvals.
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