Pursuant to Regulation 30 of the SEBI(LODR) Regulations, 2015 Company has received Public Announcement dated 13 July,2025 in relation to Open Offer to the Public Shareholders of the Company issued by the JM Financials Limited.
VIPIND · price
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VIP Industries has informed the stock exchanges that it has received a public announcement dated July 13, 2025 for an open offer to its public shareholders. The offer is by Multiples Private Equity Fund IV, Multiples Private Equity GIFT Fund IV and persons acting in concert (Samvibhag Securities, Mithun Sacheti, Siddhartha Sacheti and Profitex Shares and Securities). They are offering to buy up to 3.70 crore equity shares (26% of expanded share capital) at ₹388 per share, aggregating up to ₹1,437.78 crore in cash. The offer has been triggered by a share purchase agreement with the existing promoter group (DGP Securities, Piramal Vibhuti Investments, Kiddy Plast, Kemp & Co. and Alcon Finance) for up to 31.89% stake, marking a change of control. JM Financial is the manager to the open offer. The acquirers have stated no intention to delist the company, and the transaction is subject to Competition Commission of India approval.
This signals a change of control at VIP Industries, with the Multiples PE group set to become the new promoter. Existing public shareholders can tender shares at ₹388 each, providing a clear exit/realisation price. The stock may see price action around the open offer price in the near term as arbitrage opportunities emerge.