Reliance Industries says sold Asian Paints stake in block deal via unit at ₹2,201 per share
Published on 12/06/2025 04:12 PM
Reliance Industries says sold Asian Paints stake in block deal via unit at ₹2,201 per shareAt the end of the March quarter, Siddhant Commercials held a 4.9% stake in Asian Paints.By Hormaz Fatakia June 12, 2025, 4:12:09 PM IST (Published)2 Min ReadReliance Industries Ltd., the Nifty 50 heavyweight, confirmed to the exchanges on Thursday, June 12, that the company, through its unit, was the seller in the Asian Paints block deal, which took place earlier in the day.
"Please note that 3.5 crore equity shares of Asian Paints, held by Reliance Industries Ltd., through Siddhant Commercials Ltd., have been sold today at a price of ₹2,201 per share, leaving a balance of 87 lakh equity shares of Asian Paints," Reliance Industries said in an exchange filing on Thursday.
As many as 3.64% of Asian Paints changed hands in the pre-market block window early on Thursday morning. The total value of the transaction is said to be ₹7,703 crore.
Buyers in this transaction will be disclosed later this evening.
At the end of the March quarter, Siddhant Commercials held a 4.9% stake in Asian Paints.
India's domestic mutual funds held a 5.67% stake in Asian Paints as of March 31, with ICICI Prudential (1.24%) and SBI MF (1.51%) have a prominent stake in the company.
Life Insurance Corporation of India (LIC), India's largest insurance company, is also the largest public shareholder in Asian Paints, with a 8.29% stake.
As many as 11.73 crore small retail shareholders, or those with authorised share capital of up to ₹2 lakh, had a 11.84% stake in Asian Paints.
Shares of Asian Paints ended off the highs of the day, but with gains of 0.7% at ₹2,225.Continue ReadingNote To ReadersDisclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsAsian PaintsAsian Paints share priceBlock dealsReliance Industries (RIL)share market today