Venture capital firm Peak XV Partners has fully exited Indigo Paints, selling its entire 3.18% stake for Rs 158 crore through open market transactions.
Peak XV Partners' affiliates, Peak XV Investments IV and Peak XV Investments V, sold a total of 7.28 lakh and 7.85 lakh shares of Indigo Paints, respectively.
The shares were sold at an average price of Rs 1,046.45 apiece, with Kotak Mahindra Mutual Fund acquiring the same number of shares at the identical price on the National Stock Exchange.
Shares of Indigo Paints closed 2.1% higher at Rs 1,079.15 per piece on Friday on the NSE.