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Reliance Industries Sells 3.5 Crore Asian Paints Shares for Rs7,703.5 Crore

The sale delivers about a 14.4-times return on Reliance’s January 2008 stake in the paintmaker

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Overview

  • Reliance offloaded 3.5 crore shares at Rs2,201 apiece through its subsidiary Siddhant Commercials, cutting its holding in Asian Paints to under 1%.
  • SBI Mutual Fund emerged as the sole buyer in the pre-market block deal executed on June 12, 2025.
  • Reliance’s original 4.9% stake, acquired for Rs500 crore in January 2008, has generated a gain of approximately 1,440%.
  • Shares of Asian Paints jumped about 2% on the announcement of the transaction.
  • The divestment coincides with heightened competition in India’s decorative paint market and a drop in Asian Paints’ market share from 59% to 52% in FY25.