Multiples PE Gift Fund, Multiples PE Fund, Samvibhag Securities pick 26% stake in VIP Industries from promoters

VIP Industries Bulk deals on December 24

Multiples PE Gift Fund, Multiples PE Fund, and Samvibhag Securities have acquired 25.55 percent equity stake in VIP Industries, the luggage company, from old promoters via open market transactions on December 24.

Multiples Private Equity Fund IV and Multiples Private Equity Gift Fund IV has already been classified as promoters in VIP Industries effective September 23 this year, holding 2.01 percent and 2.22 percent stakes, respectively since September 26 this year. Samvibhag Securities, Mithun Padam Sacheti and Siddhartha Sacheti also acquired 1.67 percent stake in the company at the same time.

As per the bulk deals data published on Wednesday, Multiples Private Equity Gift Fund IV has acquired additional 1.39 crore shares (equivalent to 9.79 percent of paid-up equity) in VIP Industries for Rs 539.88 crore, Multiples Private Equity Fund IV also bought additional 1.26 crore shares (8.88 percent stake) for Rs 489.5 crore, and Samvibhag Securities 97.65 lakh shares (6.87 percent stake) for Rs 378.91 crore.

The acquisition price for the above-mentioned total 25.55 percent stake is Rs 388 per share, valued at Rs 1,408.29 crore.

However, DGP Securities, Alcon Finance & Investments, Kiddy Plast, Kemp and Company, and Piramal Vibhuti Investments, being the existing promoters, sold in total 26.07 percent stake (3.7 crore shares) in VIP Industries for Rs 1,436.88 crore.

DGP Securities sold 1.41 crore equity shares (9.93 percent stake out of its total 27 percent shareholding) for Rs 547.31 crore, Alcon Finance & Investments 27.97 lakh shares (1.97 percent of 1.98 percent) for Rs 108.53 crore, Kiddy Plast 22.26 lakh shares (1.56 percent of 1.57 percent) for Rs 86.38 crore, Kemp and Company 33.43 lakh shares (2.35 percent of 2.36 percent) for Rs 129.71 crore at Rs 388 per share, while Piramal Vibhuti Investments sold 1.45 crore shares (10.25 percent of 10.26 percent) for Rs 564.93 crore at Rs 388.01 per share.

After this big stake sale, existing promoters - DGP Securities, Alcon Finance & Investments, Kiddy Plast, Kemp and Company, and Piramal Vibhuti Investments informed exchanges on Wednesday (December 24) that their shareholding now reduced to 17.07 percent, 0.01 percent, 0.01 percent, 0.01 percent, and 0.01 percent, respectively in VIP Industries.

Multiples Private Equity Fund IV is a Category II Alternative Investment Fund (AIF) managed by Multiples Alternate Asset Management (MAAMPL), an while Multiples Private Equity Gift Fund IV is an investment fund managed by Multiples Asset Management IFSC LLP, a controlled entity of MAAMPL.

Perhaps, this seems to be the part of open offer launched for acquisition of up to 3.7 crore shares (26.03 percent stake) in VIP Industries at Rs 388 per share. Multiples Private Equity Fund IV and Multiples Private Equity Gift Fund IV (acquirers), together with Samvibhag Securities (portfolio company of Akash Bhanshali), Mithun Padam Sacheti, Siddhartha Sacheti, and Profitex Shares and Securities (PACs - persons acting in concert) are acquirers in the open offer launched in November this year.

In August this year, the Competition Commission of India had approved the acquisition of shareholding in VIP Industries by Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities, Mithun Padam Sacheti and Siddhartha Sacheti.

The acquirers and the PACs had made a cash deposit of Rs 1,218.98 crore in the Open Offer Escrow Account on September 22, which was in addition to the initial cash deposit of Rs 218.8 crore made by them, taking the total cash deposited in the account is Rs 1,437.78 crore.

VIP Industries shares seem to have reacted to this big transaction, climbing 11.61 percent to Rs 408.05 (the highest closing level since October 30) amid significant volumes on Tuesday.

Meanwhile, the brisk action was also seen in Vikram Kamats Hospitality, which shares gained 1.35 percent to Rs 54.90. Green Portfolio through its Super 30 Dynamic Fund sold 1.36 lakh shares for Rs 75.19 lakh, however, The Golden Bird Investment Trust - I bought 1.7 lakh shares for Rs 93.33 lakh. The transacted price was Rs 54.9 per share.

Capital Infra Trust also remained in action. Larsen & Toubro (which already held 2.4 percent stake as of September 2025) has acquired additional 1.64 crore units (5.98 percent stake) in the infrastructure investment trust at Rs 119.76 crore at Rs 72.68 per unit, and Ambit Wealth picked up 34.57 lakh units (1.25 percent stake) for Rs 25.1 crore at Rs 72.6 per unit.

However, Dharmayug Investments has offloaded 2.07 crore units in Capital Infra Trust (7.53 percent stake) for Rs 150.72 crore at Rs 72.6 per unit.

In Zee News (Zee Media Corporation), Auv Innovations LLP acquired 1.51 crore shares for Rs 14.22 crore, however, Miloeux Media & Entertainment sold 1.5 crore shares for Rs 14.11 crore. The transaction price was Rs 9.41 per share.