Multiples Alternate Asset Management Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 18(6) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
VIPIND · price
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Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, and their persons acting in concert (PACs) acquired a total of 83,90,076 shares (5.91%) of VIP Industries on September 26, 2025 through open market purchases at ₹388 per share. The acquisition was done pursuant to a share purchase agreement dated July 13, 2025 with certain members of the promoter group. Prior to this purchase, the acquirers and PACs held nil shares in the company. This disclosure is filed under Regulation 18(6) of the SEBI Takeover Regulations, which governs acquisitions during an ongoing open offer period.
This signals a major ownership change at VIP Industries as a private equity player takes a meaningful 5.91% stake from the promoters during the open offer window. Shareholders should expect continued changes in the promoter holding structure and monitor the open offer progress for potential tendering opportunities.