India's Indigo Paints falls on report top shareholders plan to trim stake

Indigo Paints

06/09/2024 05:11

** Shares of Indigo Paints  INDG.NS  down 4.3% at 1,476
rupees
    ** About 19.3 mln shares change hands, most active sessions
since listing in Feb 2021
    ** Peak XV Partners Investments IV and Peak XV Partners
Investments V sell Indigo Paints' shares via block deals, valued
at 15.4 bln rupees ($183.44 mln) at floor price of 1,470 rupees,
according to IFR News 
    ** Peak XV Partners Investments IV and Peak XV Partners
Investments V held about 25.2% stake in co, as per BSE data
    ** About 15.4 mln shares change hands via multiple block
deals, as per LSEG
    ** Including session's losses, INDG stock down 0.4% YTD
    

   ($1 = 83.9500 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))