VIP Industries loses market share, PE entry may aid turnaround
VIP Industries' market share has slipped from 47% in FY20 to 38% in FY24, as Safari gained ground. Debt has surged to ₹751 crore, and profitability has weakened. With promoters selling a 32% stake to private equity at ₹388/share and an open offer for 26% more, analysts see fresh capital and management as possible turnaround drivers.