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.