Shares of Asian Paints Ltd witnessed significant activity in the block deal window on Monday, as 85 lakh shares, valued at approximately ₹1,876 crore, changed hands. The identity of the buyer(s) was not immediately disclosed.
This transaction comes days after Reliance Industries Ltd reportedly offloaded 3.5 crore shares, or about 3.64% stake, in Asian Paints through the open market. Prior to the sale, Reliance held a total 4.9% stake in the company.
Market participants are closely watching further developments, as the stake sale may indicate a broader strategic portfolio reshuffle by Reliance. Asian Paints, one of India’s largest paint manufacturers, continues to attract institutional interest due to its strong market positioning and robust financial performance.
