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Asian Paints Block Deal: Stock in focus as Reliance Industries sells 85 lakh shares of Asian Paints

Edited By: Raghwendra Shukla
Published: ,Updated:

Asian Paints Share Price: The 52-week high of the counter is Rs 3,394 and the 52-week low is Rs 2,125. The market cap of the company is Rs 2,17,656 crore.

Asian Block Deal Share Price
Asian Block Deal Share Price Image Source : India TV
Mumbai:

Shares of Asian Paints gained on Tuesday, i.e. on June 17, 2025, even as the market remained volatile amid profit-taking after recording a sharp rally in the previous session. The counter opened in the red at Rs 2,235 on the BSE against the previous close of Rs 2,243.65. However, it rebounded and touched the intraday gain of 2,280.90. This is a gain of 1.66 per cent from the closing price of the last trading session. The 52-week high of the counter is Rs 3,394 and the 52-week low is Rs 2,125. The market cap of the company is Rs 2,17,656 crore. 

On the NSE, the counter started the session at Rs 2,231 against the previous close of Rs 2,244.80. The counter bounced back to touch the high of Rs 2,281 even as the market remained volatile.

Asian Paints Share Price History

According to BSE Analytics, the counter has given a positive return of 42 per cent in 5 years. However, it has corrected 31 per cent in two years and 22 per cent in one year. 

Asian Paints Block Deal

Meanwhile, billionaire Mukesh Ambani-led Reliance Industries has sold 85 lakh shares of Asian Paints for Rs 1,876 crore through an open market transaction.

The share sale came days after Reliance Industries offloaded 3.50 crore equity shares, or a 3.64 per cent stake, in Mumbai-based Asian Paints on Thursday.

According to the block deal data on the National Stock Exchange (NSE), Reliance Industries disposed of 85 lakh shares through its affiliate Siddhant Commercials Pvt Ltd, representing a 0.88 per cent stake in Asian Paints.

The shares were sold at an average price of Rs 2,207 apiece, taking the transaction value to Rs 1,875.95 crore.

Meanwhile, ICICI Prudential Mutual Fund (MF) bought these shares at the same price. With the acquisition of shares, ICICI Prudential MF's holding in Asian Paints rose to 2.12 per cent from 1.24 per cent.

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