VIP Industries Slumps 4% as Promoters Sell 32% Stake

VIP Industries shares fell over 4% after promoters Dilip Piramal and family agreed to sell a 32% stake for ₹1,763 crore to a Multiples PE-led consortium. A mandatory open offer for an additional 26% will follow, taking the total deal size to ₹3,200 crore. The stake sale triggered investor concerns.