In a significant move in the Indian equity market, Reliance Industries Limited (RIL) confirmed the sale of a 3.5% stake in Asian Paints Limited through a block deal valued at Rs 7,700 crore.
According to the official statement, 3.5 crore equity shares of Asian Paints, held by Siddhant Commercials Limited, a wholly-owned subsidiary of RIL, were offloaded at a price of Rs 2,201 per share on June 12, 2025.
In the exchange filing, the company shared, “Please note that 3.50 crore equity shares of Asian Paints held by Reliance Industries Limited through Siddhant Commercials Limited have been sold today at a price of Rs. 2,201 per share leaving a balance of 87 lakh equity shares of Asian Paints.”
In the meantime, Asian Paints shares closed at ₹2,225.00 on June 12, slightly above the opening price of ₹2,224.00. During the trading session, the stock touched an intraday high of ₹2,263.00 and a low of ₹2,208.10. The current market price remains well below its 52-week high of ₹3,394.90 but stays above the 52-week low of ₹2,124.75
