A substantial block trade in Indigo Paints shares has been reported, followed by a significant drop in the stock price. Here are the key details:
Block Deal:
- Volume: 1.2 crore (12 million) shares changed hands
- Stake: This represents approximately 25% of the company’s total equity
- Price: The transaction occurred at ₹1,493 per share
- Total Deal Size: Approximately ₹1,791.6 crore (1.2 crore * ₹1,493)
A substantial block trade in Indigo Paints shares has been reported, resulting in a notable drop in the company’s stock price. The transaction involved the exchange of 1.2 crore (12 million) shares, representing roughly 25% of the company’s total equity. The block deal was executed at a price of ₹1,493 per share, amounting to a total deal size of approximately ₹1,791.6 crore.
Following the trade, Indigo Paints (NSE: INDIGOPNTS) saw its stock price fall. As of 9:25 AM, the shares were trading at ₹1,485.00, down ₹55.55 or 3.61% from the previous close.
