Aniruddha JainOne of India’s oldest and most iconic brands in the luggage industry, VIP Industries, has announced a significant change in ownership. The company disclosed that its founding promoters, the Piramal family, will be selling their controlling stake to Multiples Private Equity, acting in concert with a group of financial and strategic partners. The new consortium intends to institutionalize the company and steer it toward a revival of its former glory. 
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