Indigo Paints: Peak XV Partners Exits with Rs 158 Crore Stake Sale15 hours ago
Peak XV Partners (formerly Sequoia Capital India & SEA) has fully exited Indigo Paints by selling its entire 3.18% stake for Rs 158 crore through open market transactions. The shares were sold at an average price of Rs 1,046.45 per share. Kotak Mahindra Mutual Fund acquired the shares on the NSE.
Indigo Paints: Q4 FY25 Shows Marginal Growth Amid Sluggish Demand3 days ago
Indigo Paints reported a 0.3% YoY increase in Q4 FY25 net sales to Rs 3.7 billion. Gross margin contracted by 180 bps YoY to 47.4%. Increases in raw material and employee expenses were offset by a decline in other expenses.