Announced Wed, 26 Aug · 19:35 IST
Smiti Holding pledges 3.57% Asian Paints shares to Jio Credit for loan
ASIANPAINT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.6%1-day move
₹2636.00
prior close
₹2637.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.0+0.1-0.1-1.6+0.7-2.8-4.1-3.5-5.2-6.5———
Up moveDown movePending
AI summary
Smiti Holding and Trading Company, a promoter of Asian Paints, created a pledge on 3,42,17,000 shares (3.57 percent of total share capital) on August 26, 2026 in favour of Jio Credit Limited for a loan. Post this event, Smiti Holding's encumbered shares stand at 3,52,59,000 (3.68 percent). The overall promoter group holds 52.65 percent of Asian Paints, with 5.08 percent encumbered after this pledge.
Likely market impact
Promoter raising debt against shares; routine but trackable. Watch for any future invocation or further pledging.