As per the block deal, enterprise capital agency Peak XV Companions by way of its two associates Peak XV Companions Investments IV and Peak Information from NSE.
The shares had been bought at Rs 1,475.96-1,489.35 per share, taking the transaction worth to Rs 1,557.05 crore.
Following the completion of the most recent transaction, Peak XV Companions Investments IV’s shareholding has dropped from 12.14% to 1.54%, whereas Peak XV Companions Investments V’s shareholding has dropped from 13.09% to 1.65%.
In the meantime, HDFC Mutual Fund (MF) acquired 10.04 million shares or 2.11% of Indigo Paints, New York consultancy Mercer purchased 3.18 million shares of the chemical compounds manufacturing firm and Morgan Stanley The shares had been bought in a value vary of Rs 1,470-1,491.88 per share, taking the overall transaction worth to Rs 240.65 crore from different consumers of Indigo Paints shares, Nationwide Inventory Change (NSE) knowledge confirmed. Particulars of shares can’t be decided. indigo paint NSE shares fell 4.19% to shut at Rs 1,476 per share.
As a part of a broader restructuring of Sequoia Capital’s international enterprise, Peak XV Companions underwent a rebranding in 2023, altering its identify from Sequoia India to Peak XV Companions.
Based in 2000, Indigo Paints is the quickest rising among the many high 5 paint firms in India.
In one other deal on the NSE, promoters of Shriram Pistons & Rings on Friday pared 3 per cent stake within the firm for over Rs 289 crore by way of open market transactions.
In keeping with NSE block commerce knowledge, Luv D Shriram and Meenakshi Dass bought 6.60 lakh shares every, holding a mixed 3% stake in Shriram Pistons & Rings.
The shares had been bought at Rs 2,181.77-2,197.60 per share, taking the transaction measurement to Rs 289.25 crore.
Astral Indian Equities Fund I, DSP Mutual Fund (MF), East Lane Capital LLP, Tata MF and Theleme India Grasp Fund acquired stakes in Shriram Pistons & Rings on the identical value.
Shares of Shriram Pistons & Rings rose 1.48 per cent to shut at Rs 2,229.95 apiece on the NSE.
