Private equity deal: Multiples-led consortium moves CCI for 32% VIP Industries stake; Rs 1,438 crore deal to trigger open offer

A consortium led by Multiples Alternate Asset Management seeks CCI approval to acquire a 32% stake in VIP Industries from the Piramal family, triggering an open offer for an additional 26% stake. Valued at ₹1,437.78 crore assuming full acceptance, the deal would shift control to Multiples, with Dilip Piramal becoming Chairman Emeritus.

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