Reliance Industries trims 3.64% stake in Asian Paints, SBI MF buys for Rs 7,703 crore, Siddhant Commercials shareholding drops to 1.26%
sanjeev | June 13, 2025 4:21 PM CST
Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) has divested a 3.64% stake in Asian Paints Ltd through a block deal valued at Rs 7,703.50 crore. The transaction, executed on Thursday via RIL’s affiliate Siddhant Commercials Pvt Ltd, saw SBI Mutual Fund emerge as the buyer, significantly raising its holding in the company.
According to data available with the National Stock Exchange (NSE), Siddhant Commercials sold 3.50 crore equity shares in Asian Paints at an average price of Rs 2,201 per share. This offloading reduced the RIL arm’s stake in the company from 4.90% to 1.26%.
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