Promoters of VIP Industries are in talks to sell stake in company, reported CNBC-TV18 on July 11 citing sources. Consequently, the shares of the company were trading 3.3% higher.
Leading private equity investors, including Multiples PE, are likely in the race, the channel reported.
Such a deal is likely to trigger open offer for minority shareholders, the channel added.
Promoters hold 51.7% stake in VIP Industries, showed exchange data.
VIP promoters have in the past alluded to exploring stake sale on lack of succession.
At 12:50 pm on July 11, VIP Industries shares were trading 3.4% lower at Rs 464 apiece. The 52-week low of the stock is Rs 248 and 52-week high is Rs 590. The market capitalisation of the stock is nearly Rs 6,600 crore.
VIP Industries' consolidated net loss widened to Rs 27.36 crore in Q4FY25 as against a net loss of Rs 23.88 crore reported in Q4FY24.
Revenue from operations declined 4.28% year on year (YoY) to Rs 494.21 crore in the quarter ended March 31, 2025.
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