Reliance Industries is set to divest its entire 4.9% stake in Asian Paints, valued at approximately ₹11,141 crore ($1.31 billion) at current market prices
This move concludes a 17-year investment journey that began in 2008 when RIL acquired the stake for ₹500 crore, now yielding a 24-fold return
The decision comes amid intensifying competition in India's ₹75,000 crore paints market, with new entrants challenging Asian Paints' dominance
Asian Paints' market share has declined from 59% to 52% in FY25, reflecting the growing pressure from competitors like Grasim's Birla Opus
RIL has appointed Bank of America to manage the stake sale, which may occur through one or more block deals at a 6–7% discount to the current market price