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An update from V.I.P.INDUSTRIES LTD. ( (IN:VIPIND) ) is now available.
VIP Industries Limited has announced a significant transaction involving the sale of approximately 32% of its total paid-up share capital by entities within its promoter group to new purchasers. This transaction, facilitated by a share purchase agreement and a shareholders’ agreement, will result in a change of management and control of the company, with the new purchasers required to make an open offer for an additional 26% of the expanded voting share capital. Arpwood Capital Private Limited served as the exclusive financial advisor for this transaction.
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.