The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Upnishad Holdings Pvt Ltd
ASIANPAINT · price
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On the reaction day the stock moved 0.8 pts less than Nifty 100 and 0.7 pts less than its Paints peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Asian Paints promoter group entities Smiti Holding and Trading Company and Upnishad Holdings carried out an inter-se transfer of 3,25,000 equity shares (0.034% of total share capital) through the block deal window mechanism on 23rd February 2026. Upnishad Holdings, which belongs to the promoter group, had a pre-transaction holding of 5,17,67,638 shares (5.397%), and the post-transaction holding stands at 5,14,42,638 shares (5.363%) based on the disclosure table. The total equity share capital of the company remains 95,91,97,790 shares. The filing explicitly states that the aggregate shareholding of the Promoter and Promoter Group before and after the transaction remains unchanged, confirming this is an internal reshuffle within the promoter family entities rather than a change in overall promoter control.
Minimal impact for shareholders — this is an internal reshuffle of shares between two promoter group entities, so overall promoter control and the public float remain unaffected. The very small size of the transfer (0.034%) means no meaningful change in market dynamics or shareholder value.