Date: 2025-08-27Category: Not ApplicableState: Union GovernmentCountry: India
CCI approves acquisition of shareholding by Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities Private Limited, Mr. Mithun Padam Sacheti and Mr. Siddhartha Sacheti in V.I.P. Industries Limited
**Summary:**
The Competition Commission of India (CCI) has approved the acquisition of shareholding in V.I.P. Industries Limited by Multiples Private Equity Fund IV (MPEF), Multiples Private Equity Gift Fund IV (MPGF), Samvibhag Securities Private Limited (Samvibhag), Mr. Mithun Padam Sacheti, and Mr. Siddhartha Sacheti. MPEF is a Category II Alternative Investment Fund (AIF) managed by Multiples Alternate Asset Management Private Limited (MAAMPL). MPGF is a Restricted Scheme Non-Retail Category II AIF managed by Multiples Asset Management IFSC LLP, a controlled entity of MAAMPL. The Multiples group, to which MPEF and MPGF belong, has investments across various sectors. Samvibhag is an investment entity and a portfolio company of Mr. Akash Bhanshali. Mr. Mithun and Mr. Siddhartha Sacheti are individual investors. V.I.P. Industries Limited, the target company, is involved in the manufacture and sale of luggage, handbags, and travel accessories. The approval was announced on August 27, 2025. A detailed order from the Commission will be released subsequently.
Key Entities Referenced
Competition Commission of India: Regulatory body that approved the acquisition of shareholding in V.I.P. Industries Limited.
Multiples Private Equity Fund IV: One of the entities acquiring shareholding in V.I.P. Industries Limited; a Category II Alternative Investment Fund.
Multiples Private Equity Gift Fund IV: One of the entities acquiring shareholding in V.I.P. Industries Limited; an investment fund registered with International Financial Services Centres Authority.
Samvibhag Securities Private Limited: One of the entities acquiring shareholding in V.I.P. Industries Limited; engaged in investment activities and is a portfolio company of Mr. Akash Bhanshali.
Mithun Padam Sacheti: One of the individuals acquiring shareholding in V.I.P. Industries Limited.
Siddhartha Sacheti: One of the individuals acquiring shareholding in V.I.P. Industries Limited.
V.I.P. Industries Limited: The target company in the acquisition, engaged in the manufacture and sale of luggage, handbags, and travel accessories.
Securities and Exchange Board of India: Regulatory body with which Multiples Private Equity Fund IV is registered.
Competition Commission of India
CCI approves acquisition of shareholding by
Multiples Private Equity Fund IV, Multiples Private
Equity Gift Fund IV, Samvibhag Securities Private
Limited, Mr. Mithun Padam Sacheti and Mr.
Siddhartha Sacheti in V.I.P. Industries Limited
Posted On: 27 AUG 2025 1:54PM by PIB Delhi
The Competition Commission of India has approved the acquisition of shareholding by Multiples Private
Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities Private Limited, Mr. Mithun
Padam Sacheti and Mr. Siddhartha Sacheti in V.I.P. Industries Limited.
The proposed combination relates to the acquisition of certain shareholding by Multiples Private Equity Fund
IV (MPEF), Multiples Private Equity Gift Fund IV (MPGF), Samvibhag Securities Private Limited
(Samvibhag), Mr. Mithun Padam Sacheti (Mr. Mithun) and Mr. Siddhartha Sacheti (Mr. Siddhartha) in
V.I.P. Industries Limited (Target).
MPEF is a Category II Alternative Investment Fund (AIF) registered with Securities and Exchange Board of
India and is managed by Multiples Alternate Asset Management Private Limited (MAAMPL). MPGF is an
investment fund registered with International Financial Services Centres Authority as a Restricted Scheme
(Non-Retail) Category II AIF which is managed by Multiples Asset Management IFSC LLP, a controlled
entity of MAAMPL. MPEF and MPGF belong to the Multiples group, which is directly or indirectly present
in sectors including consumer, industrial, information technology, financial services, healthcare,
pharmaceuticals, etc. through its investee companies.
Samvibhag is an entity engaged in investment activities and is a portfolio company of Mr. Akash Bhanshali.
Mr. Mithun and Mr. Siddhartha are natural persons.
The Target is a listed company engaged in the manufacture and sale of luggage, handbags, and travel
accessories.
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2161137)