VIP Industries Shares Jump 7% on 26% Equity Block Deal

Shares of VIP Industries Ltd surged over 7% today following a significant block deal where approximately 26% of the company's equity changed hands. This transaction aligns with the open offer previously announced by a consortium led by Multiples Private Equity, which had acquired a 32% stake from the promoter Piramal family earlier in the year.

• VIP Industries shares jumped over 7% today on stock exchanges.
• Approximately 26% of the company's equity changed hands in a block deal.
• The transaction is linked to Multiples PE's previously announced open offer.
• Piramal family had sold a 32% promoter stake earlier this year.
• The deal aims to revive VIP Industries' market position and growth.

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