THIS paint stock turns ₹500 crore of Mukesh Ambani-owned Reliance Industries into ₹10,000 crore in 17 years
Published on 15/05/2025 12:05 PM
Dalal Street is abuzz about a possible stake sale by Mukhesh Ambani's Reliance Industries (RIL) in the blue-chip stock Asian Paints, which is expected to reap India's most valuable company a neat profit of 2,046%.
RIL acquired a stake in Asian Paints in 2008, when the company was a stock market darling, for around ₹500 crore. That stake is now worth ₹10,730 crore based on Asian Paints' latest closing price.
More to come...
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