Announced Mon, 10 Aug · 10:10 IST
Smiti Holding pledges 3.62 crore Asian Paints shares to Bajaj Finance
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
+0.0%1-day move
₹2721.00
prior close
₹2722.60
base price
In-mkt
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AI summary
Promoter entity Smiti Holding and Trading Company pledged 3.62 crore additional shares of Asian Paints (3.78 percent of capital) to Bajaj Finance on Aug 6, 2026, taking Smiti's total pledged shares to 4.04 crore (4.21 percent). Smiti holds 5.36 percent in Asian Paints; nearly 79 percent of Smiti's own holding is now pledged. Total promoter group holding stands at 52.63 percent, with 5.58 percent of total share capital encumbered.
Likely market impact
Around 79 percent of Smiti Holding's Asian Paints stake is now pledged, raising concern over promoter leverage and possible margin call risk.