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The Economic Times
Peak XV Partners, formerly Sequoia Capital India and SEA, sold over 22% stake in Indigo Paints for Rs 1,557 crore to investors including Morgan Stanley, Mercer, and HDFC MF. The shares were sold via open market transactions. Following the sale, Indigo Paints' shares fell by 4.19% on the NSE.
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Fri, Sep 6, 2024
Business Standard
Peak XV Partners sells 22% stake in Indigo Paints for Rs 1,557 crore
Peak XV Partners, formerly Sequoia Capital India and SEA, on Friday, divested a little over 22 per cent stake in Indigo Paints to investors like Morgan Stanley, Mercer and HDFC MF for Rs 1,557 crore via open market transactions. Venture capital firm Peak XV Partners through its two affiliates, Peak XV Partners Investments IV and Peak XV Partners Investments V, offloaded a total of 1.05 crore shares, amounting to a 22.04 per cent stake in Pune-headquartered Indigo Paints, as per the bulk deal data on the NSE. The shares were sold in the price range of Rs 1,475.96-1,489.35 apiece, taking the transaction value to Rs 1,557.05 crore. After the latest transaction, the shareholding of Peak XV Partners Investments IV has declined to 1.54 per cent from 12.14 per cent, while Peak XV Partners Investments V's stake has come down to 1.65 per cent from 13.09 per cent. Meanwhile, HDFC Mutual Fund (MF) acquired 10.04 lakh shares or 2.11 per cent of Indigo Paints, New York-based consulting firm Mer
Business Standard
Volumes jump at Indigo Paints Ltd counter
Indigo Paints Ltd saw volume of 236.18 lakh shares by 14:14 IST on NSE, a 139.79 fold spurt over two-week average daily volume of 1.69 lakh shares
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Fri, Sep 6, 2024
CNBC TV18
Indigo Paints sees 25% equity change hands in likely cleanout trade
Indigo Paints Share Price | On Thursday, September 5, sources told CNBC-TV18 that Peak XV Partners launched a block deal to offload an 11% stake in the Pune-based company. Sources said the offer price for the shares was set at ₹1,470 per share and the total deal size was valued at ₹770 crore.
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Fri, Sep 6, 2024
CNBC TV18
Indigo Paints Block Deal: Peak XV Partners likley to sell 11% stake for ₹770 crore
Shares of Indigo Paints Ltd ended at ₹1,538.30, up by ₹1.90, or 0.12% on the BSE.
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Thu, Sep 5, 2024
