Intentar ORO - Gratis
VIP deal at a discount of 15% to stock price
Financial Express Chandigarh
|July 15, 2025
Promoters to sell stake at ₹388 per share
THE DILIP PIRAMAL family, promoters of one of India's oldest luggage brands VIP, is cutting its stake in the company at a discount. The promoters are selling nearly 32% stake or 45.44 million shares in the company to a clutch of investors in an all-cash deal valued at ₹1,763 crore, they said on Monday while spelling out the deal details, implying a per-share value of ₹388. This is at a 15% discount to Friday's close.
The stake sale was first announced late on Sunday evening to the stock exchanges without specifying deal details.
The buyers include Multiples Private Equity, Samvibhag Securities, Mithun Sacheti (the founder of jewellery retail chain CaratLane) and his brother Siddhartha Sacheti. Calls and messages to VIP Industries chairman Dilip Piramal elicited no response till press time. Multiples PE founder, MD & CEO Renuka Ramnath did not respond to messages when contacted on Monday.
Esta historia es de la edición July 15, 2025 de Financial Express Chandigarh.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Financial Express Chandigarh
Financial Express Chandigarh
Apple tops 2025 smartphone mkt
GLOBAL SMARTPHONE SHIPMENTS rose 2% year- on-year in 2025, lifted by stronger demand and eco- nomic momentum in emerging markets, Counter- point Research said on Mon- day. Apple led the market with a 20% share, the largest among the top five brands, supported by solid demand in emerging and mid-sized markets and strong sales of the iPhone 17 series, said Counterpoint analyst Varun Mishra.
1 min
January 13, 2026
Financial Express Chandigarh
Dollar drops most in three weeks
THE DOLLAR DECLINED the most in almost three weeks as the Federal Reserve faced grand jury subpoenas from the Justice Department, reviving concerns over political interference in monetary policy.
1 min
January 13, 2026
Financial Express Chandigarh
PSLV mission fails again, second since May 2025
MISSION WAS CARRYING 1 EARTH OBSERVATION SATELLITE, 14 PAYLOADS
2 mins
January 13, 2026
Financial Express Chandigarh
Trump weighing very strong options in Iran
IRAN SAID ON Monday it is keeping communications open with the US as President Donald Trump weighed responses to a deadly crackdown on nationwide protests, which pose one of the stiffest challenges to clerical rule since the 1979 Islamic Revolution.
1 min
January 13, 2026
Financial Express Chandigarh
After AGR relief, ARPU growth is Vi's top priority
Analysts flag ₹340 target as spectrum payments kick in
2 mins
January 13, 2026
Financial Express Chandigarh
Deutsche's India biz gets Kotak, Federal bids
DEUTSCHE BANK'S INDIA retail assets and wealth management have drawn binding bids from Kotak Mahindra Bank and Federal Bank, according to people familiar with the matter, as the local lenders pounce on opportunities from foreign players seeking to exit the crowded banking market.
1 min
January 13, 2026
Financial Express Chandigarh
PLI push planned for small aircraft manufacturing
· Announcement likely in Budget for FY27
2 mins
January 13, 2026
Financial Express Chandigarh
Direct tax receipts increase 9% to ₹18.4 lakh cr on slower refunds
THE DIRECT TAX collection after refunds till January 11 of the current financial year recorded a growth of 8.82% on-year, compared with a budgeted growth target of 13.2% over FY25 actuals.
1 min
January 13, 2026
Financial Express Chandigarh
Anup Saha joins Kotak Bank as whole time director
KOTAK MAHINDRA BANK on Monday announced that Bajaj Finance's former MD Anup Kumar Saha will oversee its consumer banking vertical.
1 min
January 13, 2026
Financial Express Chandigarh
UK investigates X over Grok deepfake concerns
UK REGULATORS HAVE opened a probe into Elon Musk's X as backlash mounts worldwide over the thousands of sexually suggestive images generated by the artificial intelligence tool Grok on the social media platform.
1 min
January 13, 2026
Listen
Translate
Change font size