News

Reliance Industries has divested a 3.6% stake in Asian Paints, one of India’s leading decorative paint manufacturers, through a high-value block deal worth ₹7,700 crore. The sale is part of Reliance’s broader capital reallocation plan, as the conglomerate sharpens its focus on core growth sectors such as renewables, digital, and retail.

The transaction took place via stock exchange bulk deals and was met with strong demand from both domestic and global institutional investors, underlining the market’s faith in Asian Paints’ long-term potential. While the shares were sold at a marginal discount, Asian Paints’ stock remained stable, reflecting investor confidence in the company’s fundamentals.

This move is seen as Reliance monetizing its non-core holdings at an opportune moment, with Asian Paints trading near record highs. Analysts believe the capital raised could support Reliance’s ambitious investment pipeline in emerging technologies and infrastructure expansion.

Though Reliance has not confirmed whether this marks a complete exit or a partial offload, the deal exemplifies its dynamic financial strategy. For Asian Paints, the strong institutional response reaffirms its position as a trusted brand and a solid performer in the FMCG space.

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