According to sources, the book-building process has already been initiated by bankers, and the transaction is likely to be executed soon. Post the proposed block deal, promoters are expected to retain around 16% stake in the company.According to sources, the book-building process has already been initiated by bankers, and the transaction is likely to be executed soon. Post the proposed block deal, promoters are expected to retain around 16% stake in the company.
VIP Industries Promoters looking to trim stake further: Exclusive
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