Page 3 - Asian Paints

Reviewing CCI order, will take appropriate legal recourse: Asian Paints

Asian Paints is reviewing the order passed by fair trade regulator CCI directing a probe against the country's leading paint maker for alleged abuse of its dominant position in the market and said it plans to take appropriate legal recourse. Asian Paints said it will cooperate with the Competition Commission of India (CCI) in the investigation over allegations of exclusionary practices. "The company is currently reviewing the order and will take appropriate legal recourse. The company remains committed to fully cooperating with the CCI during the course of the investigation," Asian Paint said in a late night regulatory filing on Thursday. Earlier this week, CCI ordered an investigation against Asian Paints for allegedly abusing its dominant position in the market for manufacturing and sales of decorative paint over the complaints filed by Aditya Birla group firm Grasim Industries. Grasim, a new entrant in the domestic paint industry with brand Birla Opus, had accused Asian Paints o

Brokerages remain cautious on Asian Paints despite recent rally in stock

Shares of Asian Paints rose to a two-month high, but brokerages remain cautious amid regulatory scrutiny and growing competition in the premium segment

Asian Paints, Kalyan Jewellers test 200-DMA hurdle; what to expect next?

Asian Paints is seen testing the 200-DMA hurdle after 8 months, while Kalyan Jewellers is at the long-term moving average after 6 months. Charts indicate up to 26% upside for these 2 stocks.

Asian Paints shrug off CCI probe; hits 2-month high, rallies 5% in 3 days

Since June 11, the stock price of Asian Paints has appreciated by 12% after Reliance, through its subsidiary Siddhant Commercials, sold 35 million equity shares to SBI Mutual Fund.

Stocks to Watch Today, July 2: HDB Financial, Asian Paints, Maruti, V-Mart

Stocks to Watch Today, July 2, 2025: Lupin, Hero Moto, CLN Energy, Master Trust, SBI Card, Paras Defence, MOIL, NMDC are some of the top stocks to watch today

CCI orders probe into Asian Paints over alleged abuse of dominance

CCI finds prima facie evidence of anti-competitive conduct by Asian Paints after Grasim alleges dealer coercion, denial of market access and other unfair practices

Stocks to Watch Today: Torrent Pharma, Tata Steel, Mazagon Dock, Suzlon

Stocks to Watch Today, Monday, June 30, 2025: ITD Cementation, Asian Paints, BHEL, RVNL, Titagarh Rail System, NTPC, TVS Holdings, and Waaree Energies are some of the top stocks to watch today

'Paint stocks eye further downside as JSW Paints buys out Akzo Nobel India'

JSW Paints news: JSW Paints' recent acquisition will increase the cut throat competition in the industry. Analysts, now, eye how Asian Paints and other paint stocks will sustain their margins

HPCL, BPCL: OMCs, paint, tyre, aviation stocks rally after oil slips 5%

BPCL, HPCL, IOC, Asian Paints, and other downstream oil companies' stock surged, while ONGC, Oil India dropped after Brent crude oil slipped 5 per cent

Stocks to Watch today, June 17: NTPC, Vishal Mega Mart, Sona BLW, Zee Ent

Stocks to Watch today, June 17, 2025: Asian Paints, Sona BLW, Tanla Platforms, Mphasis are among shares to remain focus

Reliance Industries sells 8.5 mn shares of Asian Paints for ₹1,876 cr

Billionaire Mukesh Ambani-led Reliance Industries on Monday sold 85 lakh shares of Asian Paints for Rs 1,876 crore through an open market transaction. The share sale came days after Reliance Industries offloaded 3.50 crore equity shares or 3.64 per cent stake in Mumbai-based Asian Paints on Thursday. According to the block deal data on the National Stock Exchange (NSE), Reliance Industries through its affiliate Siddhant Commercials Pvt Ltd disposed of 85 lakh shares, representing a 0.88 per cent stake in Asian Paints. The shares were sold at an average price of Rs 2,207 apiece, taking the transaction value to Rs 1,875.95 crore. Meanwhile, ICICI Prudential Mutual Fund (MF) bought these shares at the same price. With the acquisition of shares, ICICI Prudential MF's holding in Asian Paints rose to 2.12 per cent from 1.24 per cent. Shares of Asian Paints increased 1.21 per cent to close at Rs 2,241 apiece on the NSE.

Asian Paints may face CCI probe for alleged market dominance abuse

The complaint alleged that Asian Paints pressured its network of dealers against doing business with Grasim's Birla Opus

Grasim Industries paints fresh coat, drains market colour from rivals

Firm's mcap surges 84% in 4 years; combined mcap of rivals slips 23%

OMCs, paint, tyre stocks fall; upstream oil mixed as oil price rises 13%

BPCL, HPCL, IOC, Asian Paints and other downstream oil companies' stock fell, while ONGC, Oil India rose after Brent crude oil spiked 13 per cent

Investors' wealth erodes by Rs 5.98 trillion as markets tumble

Investors' wealth eroded by Rs 5.98 lakh crore on Thursday, tracking weak trends in equities where the BSE Sensex tumbled 1 per cent. Benchmark indices Sensex and Nifty declined 1 per cent in tandem with weak global market trends amid growing tensions in the Middle East. The 30-share BSE Sensex dropped 823.16 points or 1 per cent to settle at 81,691.98. During the day, it plunged 991.98 points or 1.20 per cent to 81,523.16. The market capitalisation of BSE-listed firms dropped by Rs 5,98,759.27 crore to Rs 4,49,58,383.92 crore (USD 5.26 trillion). "The selloff was triggered by weak global cues, volatility from the weekly F&O expiry, and renewed concerns over global trade and geopolitical tensions. Investors reacted to feeble global cues as markets assessed the uncertain outcome of US-China trade negotiations and rising tensions in the Middle East, which pushed oil prices higher and weighed on risk appetite. "The weekly expiry of derivatives contracts added to intraday volatility .

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

Asian Paints shares rise 3% after large deal in pre-open; all details here

Asian Paints share price gained momentum in trade after 35 million shares changed hand in a single block deal in pre-opening session

CCI to decide on probe into Asian Paints for 'abuse' of dominant position

The allegations against Asian Paints include restricting dealers from doing business with Grasim's Birla Opus

Dividend, stock split: Asian Paints, Indian Bank & 3 others to go ex-date

Dividend stocks: Asian Paints has declared a final dividend of ₹20.55 per share, Indian Bank ₹16.25, Johnson Controls-Hitachi Air Conditioning India ₹15, and Tata Investment Corporation ₹27 per share

Aditya Birla Group's paints unit files antitrust case against Asian Paints

The first source added that Asian Paints also allegedly told its dealers it will curtail its supplies to them if they put up hoardings of Birla paint products or place them at prominent places