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Stock that rose 162
India's largest and oldest travel wear-maker VIP Industries gained 162.09% in the fiscal year 2011. Recently, private equity major Blackstone India bought a 2% stake in the company through an open market transaction. The entire share buy is valued at around Rs 36-40 crore.
Currently, promoter and promoter mulberry bags sale jordan for sale group hold 43.93% stake in VIP, with the remainder being held isabel marant sneakers by Rakesh Jhunjhunwala, about 4.47% stake. jordan 11 bred According to market sources, through further transactions, Blackstone may increase mulberry handbag outlet stake up to 5% in VIP.
In an interview to CNBC-TV18 celine handbags price nike air max 90 cheap on March 21, 2011, Dilip G Piramal, chairman, VIP Industries said, the promoters burberry handbags are not looking to sell their current holding. To read the full interview click here .
VIP Industries is world second largest and Asia s largest isabel marant sneaker sale luggage maker based in Mumbai Maharashtra, India. The company manufactures plastic moulded suitcases, handbags, briefcases, vanity cases and luggage. It has acquired UK luggage brand Carlton in 2004. It provides travel products, hard isabel marant sale and mulberry sale bags soft-sided luggage, bags, backpacks, duffels, shoulder bags, waist pouches, sling bags, duffel trolleys, vanity cases, office bags and satchels, suitcases, and briefcases. The company offers its products primarily under the VIP, Carlton, Delsey, Footloose, Alfa, Aristocrat, Skybags, and Buddy brands. It also manufactures molded furniture under the Moderna brand.
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