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V.I.P.INDUSTRIES LTD. ( (IN:VIPIND) ) has shared an update.
V.I.P. Industries Limited has received a public announcement regarding an open offer to its public shareholders. The offer, made by Multiples Private Equity Fund IV and its associates, aims to acquire up to 26% of the company’s expanded share capital at a price of INR 388 per share, totaling a potential consideration of INR 1,437.78 crore. This move is in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and could significantly impact the company’s shareholder structure.
More about V.I.P.INDUSTRIES LTD.
Average Trading Volume: 59,569
Current Market Cap: 64.82B INR
For a thorough assessment of VIPIND stock, go to TipRanks’ Stock Analysis page.