Reliance Industries Sells ₹7,703 Cr Worth of Asian Paints Shares

Reliance Industries Ltd (RIL), through its subsidiary Siddhant Commercials Pvt Ltd, sold 3.5 crore equity shares of Asian Paints on June 12, 2025. The shares were sold at ₹2,201 apiece in a block deal conducted during the pre-market window. The total transaction value stood at ₹7,703.5 crore.

Stake Reduced to 1.26%

Before the sale, Siddhant Commercials held a 4.9% stake in Asian Paints. After the deal, this was reduced to 1.26%, leaving RIL with a remaining holding of 87 lakh shares in the company.

SBI Mutual Fund Buys Shares

SBI Mutual Fund was the buyer in this transaction. Its stake in Asian Paints increased from 1.51% to 5.15% after the acquisition. As of March 31, 2025, domestic mutual funds collectively held 5.67% in Asian Paints. Other key stakeholders include LIC with an 8.29% holding and ICICI Prudential with 1.24%.

Asian Paints Q4 FY25 Financial Results

The stake sale came shortly after Asian Paints reported its Q4 FY25 earnings. The company posted a net profit of ₹692 crore for the January-March quarter, which was below market estimates. Revenue for the quarter stood at ₹8,359 crore, a 4.3% decline year-on-year. 

Asian Paints recorded an exceptional item of ₹182.96 crore in its Q4 FY25 consolidated financials. This included a ₹83.7 crore loss from the divestment of its Indonesian subsidiaries and impairment losses of ₹77.8 crore and ₹21.5 crore related to acquisitions in India and Sri Lanka.

Asian Paints Share Price Performance 

As of 9:30 AM on June 13, 2025, Asian Paints share price was trading at ₹2,185.60, down 1.52%. The stock has declined 9.22% over the past 6 months and 24.89% over the past year.

Conclusion

Reliance’s stake sale and SBI MF’s purchase were completed via a single block deal. The shareholding changes were reflected in the stock exchange disclosures made on the same day.

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