Announced Sat, 12 Sept · 10:31 IST
Smiti Holding pledges 3.66% Asian Paints shares with 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
-2.3%1-day move
₹2472.50
prior close
₹2472.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.7-0.6-0.5-2.3-1.0-0.3-0.9——————
Up moveDown movePending
AI summary
Promoter entity Smiti Holding created a pledge of 3,50,74,000 Asian Paints shares (3.66% of capital) in favour of Bajaj Finance Limited on 9 Sept 2026 as collateral for a loan. Post-pledge, about 70% of Smiti Holding's own stake (3.59 crore shares, 3.75%) is encumbered. Total promoter group holds 50.49 crore shares (52.65%), of which 4.96 crore (5.18%) are now pledged.
Likely market impact
Promoter raised loan by pledging 3.66% of Asian Paints. About 70% of Smiti Holding stake now encumbered; risk if pledge is invoked on default.