Firm Matters

Multiples Private Equity Fund - Acquisition of stake in VIP Industries Limited

16-Jul-2025

Khaitan & Co Advised Multiples Private Equity Fund in relation to acquisition of control and stake of ~32% in VIP Industries Ltd ("Target Company") for an aggregate consideration of c. INR 1763 crores by Multiples Consortium. The Acquirer would be acquiring shares and control of the Target Company through (a) secondary acquisitions; (b) shareholder's arrangement; and (c) mandatory tender offer.

Deal Team

The core team consisted of Shishir Jose Vayttaden (Partner), Abhishek Dadoo (Partner), Aishwarya K (Partner), Shashank Patil (Counsel), Vritika Lakhwani (Senior Associate) and Gitika Lahiri (Associate).

The deal was assisted by:

Competition / Antitrust: Anisha Chand (Partner), Soham Banerjee (Counsel), Yatharth V Singh (Senior Associate) and Shubhanshu Jain (Associate)

Corporate and Commercial: Shashank Patil (Counsel), Jayantika Khanna (Principal Associate), Gaurang Mansinghka (Senior Associate) and Vritika Lakhwani (Senior Associate), Gitika Lahiri (Associate), Modit Mendiratta (Associate) and Aathira Satish (Consultant)

Real estate: Amruta Joshi (Counsel), Nupur Antrolikar (Associate) and Reet Shailesh Namjoshi (Associate)

Employment, Labour and Benefits: Srishti Ramkrishnan (Counsel), Simran Sharma (Senior Associate) and Ajay Kranthi Kothwal (Associate)

Intellectual property: Nirupam Lodha (Partner), Shivangi Narang (Principal Associate), Gautam Wadhwa (Senior Associate) and Rebecca Cardoso (Associate)