In a major block deal on 6 September, 25% of Indigo Paints' equity stake was sold for around ₹1,750 crore. Peak XV Partners likely sold a part of their shareholding, offering up to 52 lakh shares, equating to an 11% stake.
A total of 1.17 crore shares were traded, with the sale price at ₹1,493 per share, a 4.6% discount from the previous day's closing price of ₹1,534. Following the transaction, Indigo Paints' stock dropped by nearly 4%, closing at ₹1,479.