The fundraise may be undertaken in one or more tranches through the issuance of equity shares with a face value of ₹2 each and/or other eligible securities.
“…the board of directors of the company (“Board”), at its meeting held today, i.e., Friday, September 18, 2026, has, inter alia, approved the proposal for raising funds for an aggregate amount not exceeding ₹ 500 crores (Rupees five hundred crores) during FY 2026-27, in one or more tranches.
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The funds may be raised through the issuance of equity shares having a face value of ₹ 2 each and/or debt securities, convertible securities, depository receipts (ADR/GDR), FCCBs, warrants, preference shares or other eligible securities or any other financial instrument (hereinafter referred to as “Securities”),” according to a stock exchange filing.
The securities may include debt securities, convertible securities, American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs), warrants, preference shares or other eligible securities or financial instruments.
The company said the proposed fundraise will further accelerate its ongoing growth initiatives, fund working capital and enhance capabilities to support long-term value creation.
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VIP Industries said the investments aim to reinforce its market leadership and position the company to capture emerging growth opportunities in the luggage and travel ecosystem.
Multiple routes considered for fund raise
The fundraising may be undertaken through one or more permissible modes, including a public issue, rights issue, qualified institutions placement (QIP), debt issue, preferential issue or any other permissible mode or a combination of these.
The proposed fund raise will be subject to statutory, regulatory, shareholder, stock exchange and other approvals, permissions and sanctions as may be required under applicable laws. The aggregate amount to be raised will not exceed ₹500 crore, including any premium fixed on the securities, in one or more tranches.
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Shares of VIP Industries Ltd ended at ₹300.00, down by ₹4.25, or 1.40%, on the BSE.
