VIP Industries Promoters Offload 6.2% Stake for ₹343 Crore in Block Deal

VIP Industries' promoters sold a 6.2% stake for ₹343 crore in a block deal. Multiples Private Equity Fund acquired 60 lakh shares for ₹233 crore, while Samvibhag Securities purchased 22 lakh shares for ₹86 crore. This follows a July deal where a consortium acquired a 32% stake. Neetu Kashiramka resigned as Managing Director, with Atul Jain appointed as her successor. The company's shares closed 3.7% lower at ₹410.35. VIP Industries also launched a 'Saksham Niveshak' campaign to update shareholder KYC details and prevent unclaimed dividend transfers to IEPF.