Archive · 13 Jun 2025
Reliance Sells Asian Paints Stake, Shares Fall Amid Geopolitical Concerns
Reliance Industries sold a large chunk of its shares in Asian Paints, about 3.5 crore shares, for a total of ₹7,704 crore.
This was done through a subsidiary called Siddhant Commercials.
As a result, the price of Asian Paints shares went down a bit, and Reliance Industries shares also saw a decrease.
Experts are concerned that rising oil prices, potentially caused by global conflicts, could make it more expensive to make paint, which could affect paint companies like Asian Paints.
Reliance Industries sold 3.5 crore shares of Asian Paints.
The sale, executed through Siddhant Commercials, totaled ₹7,704 crore.
Asian Paints shares fell 0.56% following the block deal.
Reliance Industries shares also declined by 0.70%.
Market experts cite potential headwinds for paint companies due to geopolitical tensions and crude oil price increases.
- Who
- Reliance Industries, through Siddhant Commercials, sold shares of Asian Paints.
- What
- Reliance Industries sold 3.5 crore shares of Asian Paints.
- When
- June 13, 2025
- Where
- Not explicitly mentioned.
- Why
- Not explicitly mentioned; however, market experts highlight potential headwinds for paint companies amid geopolitical tensions.
- Seller
- Reliance Industries
- Seller's Affiliate
- Siddhant Commercials
- Shares Sold
- 3.5 crore
- Share Price
- ₹2,201 (per share)
- Transaction Value
- ₹7,704 crore
- Asian Paints Share Change
- -0.56%
- Reliance Industries Share Change
- -0.70%
Sources
Reliance Industries offloads 3.5 crore shares in Asian Paints worth over ₹7,700 crore
Reliance Industries sells 3.5 crore Asian Paints shares in block deal worth Rs 7,703 crore
Reliance raises Rs 7,703.5 crore from sale of 3.5 crore Asian Paints shares
RIL sells 3.6% stake in Asian Paints for ₹7,703 crore
Reliance divests 3.64% in Asian Paints, SBI Mutual Fund increases holding to 5.15%