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Reliance Industries arm sells Asian Paints shares worth ₹7,700 crore; check details here

Ahana Chatterjee - image.jpg
By Ahana Chatterjee

2 min read | Updated on June 12, 2025, 17:06 IST

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SUMMARY

Reliance Industries holds a 4.9% stake in Asian Paints, and it has been an investment for 17 years. At close, shares of Asian Paints settled at ₹2,225 apiece on the NSE, rising 0.73%.

Stock list

ASIANPAINT
--
RELIANCE
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RIL

Shares of Reliance Industries, however, slipped 0.65% on the 50-share index to close at ₹1,439.50 apiece on Thursday.

Billionaire Mukesh Ambani-led Reliance Industries (RIL) on Thursday, June 12, said that it has sold 3.50 crore equity shares of Asian Paints held by the firm through Siddhant Commercials Limited.
“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 ₹2,201 per share, leaving a balance of 87 lakh equity shares of Asian Paints,” the oil-to-telecom conglomerate said in a statement to the stock exchanges.

Reliance Industries holds a 4.9% stake in Asian Paints, and it has been an investment for 17 years.

Also read: Block deals, June 12: Asian Paints, Eternal, Bajaj Finance, and Schaeffler India witness over ₹8,000 crore of transactions; check details
Last month, The Economic Times had reported that Reliance had engaged Bank of America (BoFA) to manage the transaction through one or more block deals. The report also said that it came amid mounting margin pressures and rising competition in India’s ₹75,000-crore paints market.

On Thursday, NSE data showed that as many as 3.50 crore shares worth ₹7,703 crore changed hands in Asian Paints at ₹2,201 per share in the block deal window before the opening bell.

At close, shares of Asian Paints settled at ₹2,225 apiece on the NSE, rising 0.73%. It had touched an intraday high of ₹2,263 per share. The stock was one of the top contributors on the NIFTY50 index.

Shares of Reliance Industries, however, slipped 0.65% on the 50-share index to close at ₹1,439.50 apiece on Thursday.

Asian Paints Q4 FY25 Results

Asian Paints reported a 45% decline in consolidated net profit to ₹700.83 crore for the March quarter (Q4 FY25) due to muted demand and increased competitive intensity in the market.

The company had logged a net profit of ₹1,275.30 crore in the January-March period last year, according to a regulatory filing by Asian Paints.

Also read: Market Wrap, June 12: Indices fall 1%; NIFTY50 slips below 24,900 mark, SENSEX loses 823 points; Tata Motors top loser

Its revenue from operations slipped 4.25% to ₹8,358.91 crore in the March 2025 quarter. It was ₹8,730.76 crore in the year-ago period.

During the quarter, "muted demand conditions and consumer sentiment coupled with downtrading and increased competitive intensity impacted revenue", Asian Paints said in its earnings statement.

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About The Author

Ahana Chatterjee - image.jpg
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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