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VIP Industries Gains on Report Blackstone Will Raise Stake

VIP Industries Ltd. (VIP) gained in Mumbai trading after the Business Standard reported that Blackstone Group LP may increase its stake in the Indian maker of bags and suitcases to 5 percent.

To contact the reporter on this story: Shikhar Balwani in Mumbai at sbalwani@bloomberg.net

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net

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