Reliance Industries Offloads 8.5 Million Asian Paints Shares in Bulk Deal

Image Source: Free Press Journal

Reliance Industries Ltd, through its subsidiary Siddhant Commercials, has done a huge bulk deal, selling 8.5 million shares of Asian Paints Ltd. The deal is a strategic shift in Reliance's holding in the consumer sector.

Key Developments

The bulk deal was executed through NSE's trading platform in a glance towards transparency and compliance with regulatory guidelines.

Reliance sold the shares at ₹2,207 per unit, at a discount of 0.3% compared to Asian Paints' last closing price.

The sale reduces Reliance's stakes in Asian Paints to approximately 0.9%, down from 4.9% as of March 2025.

Strategic Impact

The sale is part of the overall portfolio re-jig at Reliance, potentially releasing capital for new investments.

Analysts view it as part of Reliance's strategy to optimize its non-core stakes, allowing for greater focus on high-growth segments.

Asian Paints continues to be vulnerable to competition, with new entrants like Birla Opus challenging its market dominance.

Market Implications

Investors are closely observing Asian Paints' share action, measuring potential price action following the deal.

Despite the huge offloading, Asian Paints shares held firm, ending 0.7% higher at ₹2,225.

The transaction highlights ongoing liquidity in Asian Paints' shares, giving a push to institutional sentiment for the company.

With this bulk deal, Reliance Industries Ltd redefines its stake in Asian Paints, demonstrating over time a shifting investment philosophy in consumer space.

Sources: Businessworld, Financial Express, CNBC TV18, Economic Times