MUMBAI: Several foreign institutional investors bought stake in Indigo Paints today after the paint maker made a stellar debut on the stock exchanges.
Abu Dhabi Investment Authority bought 641,953 shares of Indigo Paints at Rs 2,730.29 apiece through a bulk deal on the National Stock Exchange. Similarly, Dubai-based Al Mehwar Commercial Investments bought 413,846 shares of the company at Rs 2,774.47 apiece.
Ashoka India Opportunities Fund, managed by White Oak Capital, also bought 538,135 shares of Indigo Paints at Rs 2,719.79 per share through a bulk deal on the NSE. Similarly, Nomura India Investment Mother Fund bought 530,868 shares of the paint company at Rs 2,601.54 apiece.
Indigo Paints’ stock listed at a premium of 75 per cent to its issue price of Rs 1,490 and eventually closed with gains of close to 110 per cent.
CLSA Global Markets bought stakes in four companies through multiple block deals on the BSE. CLSA Global bought 67,422 shares of ACC at Rs 1,685.05 per share. The fund bought 841,661 shares of
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