Liquidity Events
Peak XV Partners exits Indigo Paints; sells 3.18% stake for Rs.158-Cr
Venture capital firm Peak XV Partners has fully exited Pune-headquartered Indigo Paints , selling its entire 3.18% stake for INR 158 crore through open market transactions. Peak XV Partners' affiliates, Peak XV Investments IV and Peak XV Investments V, sold 7.28 lakh and 7.85 lakh shares of Indigo Paints, respectively. This combined sale represents the firm's entire 3.18% holding in the company.The shares were sold at an average price of INR 1,046.45 apiece, bringing the total transaction value to INR 158.39 crore.Concurrently, Kotak Mahindra Mutual Fund acquired the same number of shares at the identical price on the NSE.
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