RIL sells Asian Paints shares worth ₹7,703 crore via block deal

Following the transaction, RIL now holds 87 lakh equity shares in Asian Paints, the company said in an exchange filing

Reliance Industries Limited (RIL), through its subsidiary Siddhant Commercials Limited, on Wednesday sold 35 million equity shares of Asian Paints at ₹2,201 per share. The total deal is valued at approximately ₹7,703.5 crore.

 

According to an exchange filing by the company, the shares were sold at ₹2,201 apiece. Post-sale, RIL continues to hold 8.7 million equity shares in Asian Paints.

 

Change in Asian Paints shareholding structure

 

Prior to the transaction, Siddhant Commercials held a 4.9 per cent stake in Asian Paints as of March 2025. A substantial part of that has now been offloaded, altering the company’s overall shareholding pattern.

 

 

The identities of the buyers involved in the block deal have not yet been disclosed.

 

Despite RIL's partial exit, Asian Paints remains widely held by institutional investors. Domestic mutual funds collectively hold around 5.67 per cent of the company’s equity, with ICICI Prudential Mutual Fund and SBI Mutual Fund owning 1.24 per cent and 1.51 per cent, respectively.

 

LIC, retail investors among top stakeholders

 

The Life Insurance Corporation of India (LIC) remains the largest public institutional investor in Asian Paints, with an 8.29 per cent stake, according to data reported by Mint.

 

Retail investor participation is also strong. Roughly 11.84 per cent of Asian Paints’ shares are owned by 1.17 crore small investors, each with holdings valued at less than ₹2 lakh.

 

Shares of Reliance Industries closed at ₹1,439.60 apiece on the BSE at Thursday’s market close, while Asian Paints ended the session at ₹2,218.05.