Indigo Paints drops 10%, hits new low after 4% equity changes hands on BSE

Shares of Indigo Paints hit a record low of Rs 1,343, plunging 10 per cent on the BSE in Wednesday's intra-day trade, after nearly 4 per cent of the total equity of the paint company changed hands via block deal.

At 09:15 am, around 1.8 million shares, representing 3.97 per cent of the total equity of Indigo Paints, changed hands on the BSE, the exchange data shows. On the NSE, a total 1.05 million shares or 2.2 per cent of the equity of the company had changed hands till 10:11 am. The names of the buyers and sellers, however,