Reliance Offloads Remaining Stake in Asian Paints for ₹1,925 Crore
By Shishta Dutta | Published at: Jun 17, 2025 10:24 AM IST
Mumbai, June 16, 2025 — Reliance Industries Ltd (BSE: 500325, NSE: RELIANCE) has completed the sale of its remaining equity holding in Asian Paints Ltd, offloading 87,15,635 shares at an average price of ₹2,207.65 per share through its subsidiary Siddhant Commercials. The transaction is valued at approximately ₹1,925.04 crore.
ICICI Prudential Mutual Fund was the sole buyer for the entire stake.
This comes after Reliance made a recent stake sale on Thursday through Siddhant Commercials, where it sold 3.5 crore equity shares of Asian Paints at an average price of ₹2,201 per share, valued at approximately ₹7,703 crore.
This marks the conclusion of Reliance’s exit from Asian Paints, following an earlier partial divestment disclosed on June 12, 2025. This move aligns with RIL’s sharpening focus on its core growth engines: energy, digital, and consumer businesses. With this latest transaction, Reliance Industries no longer holds any shares in Asian Paints, as this disposal represents the balance of its holding following an earlier tranche of stake sale.
Transaction Summary
| Particulars | Quantity | Average Price (₹) | Total Value (₹ crore) |
|---|---|---|---|
| Equity Shares Sold (Jun 16) | 87,15,635 | 2,207.65 | ~1,925.04 |
The disclosure has been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed entities to notify material events, including significant share transactions.
What’s Ahead For Reliance and Asian Paints?
For Reliance, the complete exit reflects its intention to consolidate its focus on high-growth sectors, such as telecom, retail, and new energy. For Asian Paints, the stake sale changes its shareholding dynamics, with ICICI Prudential MF stepping in as a major institutional investor. The market may keenly track any further bulk deals or changes in promoter or institutional holdings.
Share Price Effect
On June 17th, the shares of Reliance Industries opened at ₹1,439, up by ₹2.10 or 0.15%. On the other hand, the shares of Asian Paints opened at ₹2,238.80, down by ₹6.00 or 0.27%.
About Reliance Industries Ltd
Reliance Industries Limited (RIL), headquartered in Mumbai, is India’s largest private sector company with diversified interests across oil-to-chemicals (O2C), telecom (Jio), retail, and renewable energy. It is listed on BSE and NSE with global listings on the Luxembourg and Singapore stock exchanges.
About Asian Paints Ltd
Asian Paints Ltd is India’s largest decorative paints company and a significant player in the global coatings industry. The company is listed on both NSE and BSE and operates in more than 15 countries, serving over 60 nations. Its product portfolio includes decorative paints, industrial coatings, waterproofing systems, adhesives, and home décor solutions.
REF: https://nsearchives.nseindia.com/corporate/kavinavora_16062025223032_BSENSE_160625.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
