VIP Industries Chairman Dilip Piramal and the promoter family recently sold 32% controlling stake in the luggage giant, which has a market capitalisation of ₹6,700 crore. "We're a family-owned business, and the next generation is not very keen on running it," Piramal said. He also added that he regrets not selling the stake when the company's valuation was ₹10,000 crore.