Nippon India Mutual Fund, through Nippon Life India Trustee Ltd, has disclosed the sale of 11,55,722 shares in Indigo Paints Limited. This transaction, executed in the open market, resulted in the fund’s holding of shares carrying voting rights decreasing from 8.5062% to 6.0850% of the total equity share capital. The sale occurred between September 10, 2024, and August 14, 2026.
Nippon India MF Divests Stake in Indigo Paints
Nippon India Mutual Fund has officially announced the sale of a substantial block of shares in Indigo Paints Limited. The disclosure, made in accordance with SEBI regulations, details the disposal of 11,55,722 shares from the fund’s portfolio. This transaction impacts the fund’s aggregate holding in the target company.
Transaction Details
The shares were sold in the Open Market over a period commencing from September 10, 2024, and concluding on August 14, 2026. Prior to this sale, Nippon India Mutual Fund held 40,60,251 shares, representing 8.5062% of Indigo Paints’ total voting capital. Following the disposal, the fund’s holding has reduced to 29,04,529 shares, which constitutes 6.0850% of the total equity share capital.
Impact on Shareholding
The sale means that the number of shares carrying voting rights held by Nippon India Mutual Fund has decreased. The total equity share capital and voting capital of Indigo Paints Limited remain unchanged at Rs. 47,73,26,370/-, equivalent to 4,77,32,637 shares with a face value of Rs. 10 per share.
Source: BSE
