- By Akansha Pandey
- Wed, 24 Dec 2025 12:42 PM (IST)
- Source:JND
Shares of the country's leading luggage company, VIP Industries, climbed more than 7 per cent in early trading on December 24. This surge followed a major block deal involving the transaction of approximately 3.7 crore shares. Notably, this represents about 26 per cent of the company's total equity, signaling continued shifts in the company's ownership.
Price Movement
VIP Industries shares opened at Rs 362 and touched a high of Rs 397 in early trade. Significantly, this marks the first major rally in the company's shares in nearly three months.
Who Was Involved In The Block Deal?
While the specific names of the buyers and sellers in Wednesday's block deal were not immediately revealed, this transaction follows a series of promoter stake sales over the past few months. The size of this block deal corresponds to the remaining open-offer quantity previously announced by a consortium led by Multiples Private Equity and its partners.
What Is Block Deal?
Bulk deals and block deals are types of transactions in the stock market used by institutional investors, large fund houses, mutual funds, FIIs (Foreign Institutional Investors), and HNIs (High Net-worth Individuals) to trade large volumes of shares.
In a block deal, a single transaction involving a minimum of 500,000 shares or a minimum value of Rs 10 crore takes place between two parties who agree to buy or sell shares at a mutually agreed-upon price.
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Promoters Sold Stake In September
Earlier in September, the promoters of VIP Industries sold a 6.2 percent stake via a block deal for Rs 343 crore. In that transaction, Piramal Vibhuti Investments and KidiPlast sold 88.4 lakh shares at an average price of Rs 388.2 per share. At the time, Multiples Private Equity Fund purchased 60 lakh shares for Rs 233 crore, while another group bought 22 lakh shares for Rs 86 crore.
Stock Performance
It is worth noting that VIP Industries shares have delivered a negative return of 17 per cent over the past year, and the stock has fallen by up to 20 percent so far this year.
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(Disclaimer: The information provided here regarding shares is not investment advice. Since stock market investments are subject to market risks, please consult a certified investment advisor before making any investment decisions.)