Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Update to disclosure dated June 12, 2025.
Awaiting price reaction for this filing.
Reliance Industries has sold the remaining 87,15,635 equity shares of Asian Paints on June 16, 2025 at an average price of Rs. 2,207.65 per share, aggregating to roughly Rs. 1,916 crore. This is a follow-up to the disclosure originally made on June 12, 2025 regarding the same transaction. With this sale, RIL appears to have fully exited its holding in Asian Paints, one of India's largest listed paint companies. The disclosure was filed under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30).
RIL has completed its divestment from Asian Paints, unlocking around Rs. 1,916 crore in cash that can be redeployed. For shareholders, this reflects a portfolio realignment move, though it removes RIL's exposure to the consumer paints segment that had been a non-core investment.