VIP Industries experienced a significant shareholding change as Multiples Private Equity funds and associated entities acquired a substantial 26.07% stake through open market transactions on December 24, 2025. The acquisition involved the purchase of 3,70,32,606 shares, executed pursuant to a share purchase agreement dated July 13, 2025.

Acquisition Details

The share acquisition was completed by six entities led by Multiples Private Equity Fund IV and Multiples Private Equity Gift Fund IV, along with four persons acting in concert. The transaction represents a major strategic investment in the luggage and travel accessories company.

Pre and Post-Transaction Holdings

The shareholding pattern shows a dramatic increase in the acquirer group's stake following the open market acquisition. Before the transaction, the six entities collectively held only 5.99% of VIP Industries' share capital.

Regulatory Compliance and Structure

The disclosure was made pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquiring entities submitted their respective disclosures to both BSE Limited and National Stock Exchange of India Limited on December 24, 2025.

The Multiples Private Equity funds are classified as promoters of the Target Company, while the persons acting in concert - Samvibhag Securities Private Limited, Mithun Padam Sacheti, and Siddhartha Sacheti - are not members of the promoter group. The transaction was executed through open market acquisitions based on a share purchase agreement with certain members of the existing promoter group.

Share Capital Impact

The company's equity share capital remained unchanged at 14,20,51,434 equity shares of ₹2.00 each, totaling ₹28,41,02,868. The acquisition represents a significant consolidation of ownership, with the Multiples Private Equity group now holding nearly one-third of the company's total share capital through their coordinated investment approach.

VIP Industries , the prominent luggage and travel accessories manufacturer, recorded a substantial block trade on the Bombay Stock Exchange (BSE) during market opening hours. The transaction represents one of the significant institutional trades in the mid-cap segment.

Block Trade Details

The block trade executed at market opening involved a considerable volume of shares with specific pricing parameters. The transaction details highlight the scale of institutional activity in the stock.

Market Implications

Block trades of this magnitude typically indicate significant institutional participation and can influence the stock's trading pattern. The execution at market opening suggests coordinated institutional activity, with the transaction involving 3.70 crore shares of VIP Industries.

The price point of ₹372.95 per share for this block transaction provides insight into the institutional valuation of the company's shares. Such large-scale transactions often reflect strategic positioning by institutional investors or portfolio rebalancing activities.

Transaction Significance

The ₹1,381.29 crore transaction value underscores the substantial nature of this block trade in VIP Industries' shares. Block trades are typically executed when large volumes need to be transacted without significantly impacting the stock's market price through regular trading channels.

This transaction represents a notable development for VIP Industries, given the significant value and volume involved in the block trade execution on BSE.