INSUBCONTINENT EXCLUSIVE:
Indigo paints logo: Company website3 min read Last Updated Sep 06 2024 | 11:53 PM IST
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
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
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
shares were picked up in the price range of Rs 1,470-1,491.88 per piece, taking the combined deal value to Rs 240.65 crore, the data showed
the block deal data on the NSE, Luv D Shriram and Meenakshi Dass offloaded 6.60 lakh shares each representing a combined 3 per cent stake in
apiece on the NSE.First Published: Sep 06 2024 | 8:25 PMIST
