Shares of Asian Paints Ltd, India’s largest paints company, witnessed a large block deal on June 16, 2025. In this deal, around 85 lakh shares, which is roughly 0.88% of the company’s equity, were traded. The total value of the deal stood at Rs 1,876 crore, leading to a sharp focus on the stock.
Just a week ago, Reliance Industries Ltd (RIL) announced that it sold 3.5 crore shares of Asian Paints at Rs 2,201 per share, through Siddhant Commercials Ltd, a subsidiary. After this sale, RIL still holds 87 lakh shares in the company, as per its stock exchange filing.
As of March 2025 shareholding data promoters held 52.6%, FIIs 12.2%, DIIs 15.6% and public 19.5% of Asian Paints.
The company’s Q4 FY25 numbers were not great. It reported a net of Rs 692 crore which was below estimates. Consolidated revenue was down 4.3% yoy at Rs 8,359 crore.
Asian Paints’ CEO Amit Syngle said the paint industry is seeing the weakest demand in 20 years. He also said for the first time in 2 decades the decorative paint segment is showing negative growth mainly due to slow demand and increasing competition.
Do you have a news tip for Lakshmishree reporters? Please email us at [email protected]
Source: Moneycontrol
News Desk
