Reliance Industries sells Asian Paints shares worth ₹7,703 crore
In a major stock market development, Reliance Industries announced on June 12 that it sold 3.5 crore equity shares of Asian Paints at ₹2,201 per share. The deal, executed through Siddhant Commercials Ltd (a subsidiary of RIL), raised a whopping ₹7,703 crore.
Following the sale, Reliance still holds 87 lakh shares of Asian Paints. The transaction took place during the pre-open block deal window and accounted for about 3.5% of the total equity of the paint giant.
What does this mean for the average investor?
If you’re watching the market from the sidelines, this isn’t just a rich company moving numbers around. This kind of exit by a major player like Reliance can stir things up. It can spark speculation—about Asian Paints’ future, Reliance’s next move, or both.
It’s like watching a celebrity sell off their designer wardrobe—makes you wonder what they’re planning next.
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Timing is everything
Interestingly, this stake sale came just after Asian Paints posted disappointing Q4 FY25 results. The company reported a net profit of ₹692 crore, well below analysts’ expectations of around ₹1,069 crore (as per a Moneycontrol poll).
That’s not all. Asian Paints also disclosed exceptional losses worth ₹182.96 crore. These included:
- A ₹83.7 crore hit from exiting its Indonesian business
- ₹77.8 crore in impairment on goodwill from White Teak (Obgenix Software)
- ₹21.5 crore write-off from Sri Lanka-based Causeway Paints
Revenue also dipped by 4.3% to ₹8,359 crore, missing estimates. CEO Amit Syngle blamed “weak demand conditions” that have dragged down the paint industry for months.
A quiet signal or loud exit?
Let’s be clear: Reliance selling Asian Paints stock doesn’t automatically mean panic. Large companies often realign portfolios. Maybe Reliance wants to free up cash for bigger bets—Jio, green energy, retail, or even AI.
But for Asian Paints, the timing stings. With falling earnings and a top shareholder cashing out a chunk, the optics aren’t pretty.
Still, 87 lakh shares remain with Reliance. So it’s not a total breakup—more like a cooling-off period.
So, what’s next?
Investors will be watching both sides closely. Will Reliance make another move? Can Asian Paints bounce back next quarter?
Either way, this isn’t just a business update—it’s a plot twist in the story of two of India’s most watched companies.
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