Private Equity Liquidity Events
Peak XV Partners sells 22% stake in Indigo Paints for Rs.1,550-Cr
Peak XV Partners (formerly Sequoia Capital India) has sold an about 22% stake in publicly-listed, Pune-headquartered Indigo Paints through a block deal for INR 1,550 crore. Peak XV will hold around 3.23% after the sale.
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Between Aug-14 and Feb-16, Indigo Paints had raised over USD 23 M from Sequoia Capital India. The company went public in Feb-21, as part of which, the investor made a partial exit. Peak XV had sold a further stake in Nov-22.