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Promoters of VIP Industries are in talks with leading private equity investors including Multiples PE to sell stake in the company, a CNBC TV18 report stated citing sources. In case the deal materialises, it is likely to trigger open offer for minority shareholders, the report added.
According to the data available on the exchanges, promoters of VIP Industries currently own a 51.7 per cent stake in the company and they had earlier alluded to exploring stake sale due to a lack of succession.
In terms of public shareholders’ India’s Mutual Funds had a 11.12 per cent stake in the company at the end of the March quarter, which was led predominantly by Tata Mutual Fund and SBI Flexicap Fund. Further, foreign portfolio investors had a 7.68 per cent stake in the company as at the end of the March quarter.
The company has 1.34 lakh small retail shareholders—those with an authorised share capital of up to Rs 2 lakh—who collectively hold a 19.4 per cent stake in the firm.
Earlier in May, the company had released its 4th quarter earnings report for FY25 with net sales at Rs 494.21 crore, down 4.28 per cent in comparison to Rs 516.32 crore in March 2024. It had posted a net loss of Rs 27.36 crore during Q4FY25. EBITDA for the period stood at Rs 10.29 crore in March 2025 down 12.13 per cent YoY.
