Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Reliance Industries Limited, through its subsidiary Siddhant Commercials Limited, sold 3.50 crore equity shares of Asian Paints on June 12, 2025 at Rs. 2,201 per share, for a total transaction value of approximately Rs. 7,704 crore. After this sale, Reliance's holding in Asian Paints stands reduced to 87 lakh equity shares. The disclosure is made under SEBI's Listing Obligations and Disclosure Requirements norms.
This is a significant partial exit by Reliance from its passive investment in Asian Paints, freeing up substantial capital (around Rs. 7,700 crore). For RIL shareholders, this signals portfolio rationalisation and a potential boost to cash reserves, though it has no direct operational impact on RIL's core businesses.