This Paint Stock, June 2 -- which has given a negative return of 60 percent since its listing in 2021, is in focus after a major VC firm has completely sold its 3.18 percent stake in the company.

With a market capitalisation of Rs. 5,133 Crore, the stock of Indigo Paints opened at Rs. 1,090, down 0.85 percent from yesterday's close, and after opening, it made a high of Rs. 1,094.30, up 1.25 percent.

Stake Sale Update

Peak XV Partner combined held 15,13,635 Shares or 3.18 percent stake in the company, with Peak XV Partner investments IV owning 7,28,175 or 1.53 percent stake and Peak XV Partner investments V owning 7,85,460 or 1.65 percent stake in the company. Kotak Mahindra Mutual Funds was the buyer of all the shares that were sold by...