Private Equity

PE-VC Fund Investments

Multiples PE-led consortium acquires addl 6.22% in luggage maker VIP Industries for Rs.343-Cr

BSE Announcement   NDTV Profit  

Multiples PE (via its units Multiples Private Equity Fund IV and Multiples Private Equity Gift Fund IV) has bought 60.11 lakh shares (4.23% stake) in VIP Industries at about INR 388 apiece in Mumbai-based listed luggage and travel accessories maker VIP Industries for INR 228.42 crore. The shares were acquired from promoter group entities Kiddy Plast Ltd and Piramal Vibhuti Investment. Samvibhag Securities, Mithun Sacheti and Siddhartha Sacheti acted in concert with Multiples, taking the total deal value to INR 343.19 crore. Post the stake sale, the holdings of the promoter group has reduced to 45.51%.

In July 2025, VIP Industries’ promoter group sold a 32% stake to Multiples PE and others for INR 1,764.10 Cr .For FY25, VIP Industries had reported about INR 2,178 Cr in Operating Income and about INR 69 Cr in Net Loss.