27
Aug
#VIPIndustries #CCINews #PrivateEquity #MultiplesPE #ConsumerGoods #IndianMarkets #TravelIndustry #LuggageMarket #MergersAndAcquisitions #BusinessNews New Delhi: The Competition Commission of India (CCI) has given its nod for the acquisition of a stake in V.I.P. Industries Limited, India’s leading luggage and travel accessories company, by a consortium of investors including Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities Private Limited, and individual investors Mr. Mithun Padam Sacheti and Mr. Siddhartha Sacheti. The clearance comes as part of India’s competition law framework, which requires approval for significant acquisitions and mergers to ensure that they do not adversely impact market competition. Details…