Asian Paints Drops 0.56% as Reliance Sells ₹7,704 Crore Stake

Asian Paints drops 0.56% as Reliance sells ₹7,704 crore stake

Asian Paints shares drop after Reliance Industries' massive block deal divestment, highlighting potential challenges for paint companies.

Reliance Industries Share Price Holds Steady After $895 Million Asian Paints Stake Sale

Indian billionaire Mukesh Ambani’s Reliance Industries (NSE: RELIANCE) is in focus today after the conglomerate executed a major block deal, selling shares worth $895 million in Asian Paints. The transaction was picked up largely by domestic institutions, including SBI Mutual Fund, marking one of the largest stake sales of 2025. The move is seen as part of Reliance’s ongoing capital rotation strategy, likely aimed at unlocking value and shoring …

Reliance Industries offloads 3.5 crore shares in Asian Paints worth over ₹7,700 crore

Source: Live Mint Reliance Industries Limited (RIL) has pared its holding in Asian Paints by offloading 3.5 crore shares, marking a significant exit from one of India’s leading blue-chip companies. The sale, conducted through its wholly owned subsidiary Siddhant Commercials Limited, fetched ₹2,201 per share—translating into a total deal size of ₹7,703.5 crore. The transaction, carried out via block deals in the pre-market session on Thursday, …