Shares of Asian Paints were in the spotlight on Wednesday after a massive block deal was executed involving 3.5 crore shares, representing 3.6% equity of the company. The total deal value stood at ₹7,704 crore, making it one of the largest trades of the session.
The transaction was carried out via the block deal window, indicating participation from large institutional investors or promoters. Market participants are closely watching for further disclosures on the buyer and seller identities, which are expected in regulatory filings.
The large trade in Asian Paints is likely to influence stock movement in the near term, especially amid broader market volatility and sectoral rotation.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult certified financial advisors before making any investment decisions.
