Asian Paints Ltd. witnessed heavy block deal activity as another set of 85 lakh shares exchanged hands in a significant transaction valued at over ₹1,876 crore. This development closely follows a recently confirmed deal involving SBI Mutual Fund and Reliance Industries.
On Monday, June 16, 2025, another 85 lakh equity shares of Asian Paints changed hands in the pre-open block deal window. The shares were transferred at ₹2,207 apiece, leading to a total transaction value of ₹1,876 crore. Details around the buyer and seller in this specific transaction are currently undisclosed.
This move comes shortly after a transaction involving a 3.64% stake in Asian Paints amounting to ₹7,703 crore, sold by Reliance Industries through Siddhant Commercials Ltd.
Last Thursday, a major block deal involving 3.5 crore shares of Asian Paints was executed at ₹2,201 per share. The seller was confirmed as Reliance Industries via its affiliate Siddhant Commercials. The total value of that transaction stood at ₹7,703 crore.
SBI Mutual Fund emerged as the sole buyer in the transaction, acquiring 3.64% of Asian Paints' equity.
Siddhant Commercials was reported to still hold 87 lakh Asian Paints shares following the previous divestment, implying ongoing divestment activity by the entity.
As of March 31, Indian domestic mutual funds collectively held a 5.67% stake in Asian Paints. Among them, ICICI Prudential Mutual Fund owned 1.24%, while SBI Mutual Fund held 1.51%. Following the 3.64% acquisition, SBI MF's holdings are expected to significantly increase in the June quarter filings.
Apart from mutual funds, the Life Insurance Corporation of India (LIC) remains Asian Paints’ largest public institutional shareholder, with an 8.29% equity stake.
Read More: Reliance Industries Sells ₹7,703 Cr Worth of Asian Paints Shares!
Retail investors also have a prominent presence in Asian Paints’ ownership. According to the data, nearly 11.73 crore retail shareholders, categorised as those holding authorised share capital of up to ₹2 lakh each, jointly own 11.84% of the company.
On Monday, June 16, the Asian Paints share price was seen trading at ₹2,230 as of 9:16 AM.
The back-to-back block deals in Asian Paints reflect heightened institutional interest and strategic repositioning in one of India’s most traded consumer stocks. With SBI Mutual Fund’s recent acquisition and ongoing divestment by Reliance-linked entities, market watchers will likely observe further movement both in shareholding patterns and stock performance in the upcoming quarters.
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Published on: Jun 16, 2025, 9:41 AM IST
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