Latest news with #AsianPaints
Time of India
a day ago
- Business
- Time of India
Reliance Industries sells 3.64% stake in Asian Paints for ₹7,703 crore
NEW DELHI: Billionaire Mukesh Ambani-led Reliance Industries on Thursday divested a 3.64 per cent stake in Asian Paints , while SBI Mutual Fund picked up the shares for Rs 7,703 crore through an open market transaction. Reliance Industries, through its affiliate Siddhant Commercials Pvt Ltd, sold 3.50 crore equity shares or 3.64 per cent stake in Asian Paints, as per the block deal data available with the National Stock Exchange (NSE). The shares were disposed of at an average price of Rs 2,201 apiece, taking the transaction value to Rs 7,703.50 crore. After the stake sale, RIL arm Siddhant Commercials' shareholding in Asian Paints dipped to 1.26 per cent from 4.90 per cent. With the acquisition of shares, SBI Mutual Fund's shareholding in Asian Paints rose to 5.15 per cent from 1.51 per cent. Shares of Asian Paints went up 0.73 per cent to close at Rs 2,225 apiece on the NSE.
Economic Times
a day ago
- Business
- Economic Times
The Ambani formula for making money: 17 years + 1 Nifty stock = 2,200% profit
Tired of too many ads? Remove Ads The Perfect Exit Strategy Tired of too many ads? Remove Ads Timing the Market Perfectly Buy right, sit tight and sell right! Asia's richest billionaire Mukesh Ambani has just taught stock market investors how making smart bets at cheap valuations can create long-term wealth. In a masterstroke that exemplifies contrarian investing, Reliance Industries (RIL) has booked a staggering 23-fold return by selling its Asian Paints stake for Rs 7,704 crore—nearly 17 years after buying it during the depths of the 2008 global financial in January 2008, when markets were reeling from the financial meltdown, RIL had quietly accumulated a 4.9% stake in Asian Paints for just Rs 500 crore. Now, the conglomerate has sold 3.6% of that holding to SBI Mutual Fund, pocketing a handsome Rs 7,704 crore in what ranks among the most spectacular long-term bets in Indian corporate informed exchanges that 3.5 crore shares held by the company via Siddhant Commercials Ltd were sold at Rs 2,201 per share on Thursday. The company's stock closed at Rs 2,218.05 a piece on Thursday. Inclusive of dividends, at current market value, Reliance would make a near 23-fold return on its the stake sale, RIL arm Siddhant Commercials' shareholding in Asian Paints dipped to 1.26 per cent from 4.90 per cent. With the acquisition of shares, SBI Mutual Fund's shareholding in Asian Paints rose to 5.15 per cent from 1.51 per timing of Ambani's exit appears prescient. Asian Paints' shares have declined by 32% over the past 2 years, making it one of the weakest performers among Nifty blue chips. India's $9 billion paints industry is facing acute margin pressure amidst heightened competition that has seen Asian Paints come under severe pressure from new entrants like Aditya Birla Opus who are striving to topple the number one player from its to Elara Securities, Asian Paints' market share has fallen from 59 percent to 52 percent in FY25—a significant loss in a highly competitive market. Combined with revenue stagnation, Asian Paints has lost much of its Asian Paints, FY25 was a weak year. Decorative business (87% of consolidated sales) declined by 5% YoY, with volume growth of 2.5% (weakest in over the last two decades). Industrial business grew by 6% while International business sales were flat performance for the year. The management attributed underperformance in the decorative segment to weakness in industry growth and emphasised that the competitive intensity of the business will continue over the near term."Near term demand trends remain subdued, FY26 outlook remains bleak," said Mehul Desai of JM Financial . "Competitive intensity in the paints segment remains unabated (Grasim's entry, increased activity from existing incumbents and a likely recovery in Dulux brand once the acquisition goes through)." JSW Paints is in the final stages of buying Dulux from Akzo the challenges, Asian Paints still has a market share of 44% in decorative paints, and is also the second largest in Asia and eighth globally. The company has an annual domestic decorative paint capacity of 1.85 million kilo litres, serving consumers in over 60 countries. It has the country's largest distribution network, with 74,129 dealers, supported by over 50,500 Colour World shade-mixing machines and over 430 Colour Ideas had explored divesting its stake five years ago, ahead of launching India's largest rights issue. It was also in the process of deleveraging its balance sheet following a mega capex plan led by telecom. However, it did not go through with the plan and instead raised a combined $25 billion for the digital, telecom, and retail ventures of the conglomerate through a series of investments from marquee global strategic and financial decision to hold on proved golden, allowing Ambani to maximize returns from what was already a phenomenal bet.
Time of India
a day ago
- Business
- Time of India
The Ambani formula for making money: 17 years + 1 Nifty stock = 2,200% profit
The Perfect Exit Strategy Live Events Timing the Market Perfectly (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Buy right, sit tight and sell right! Asia's richest billionaire Mukesh Ambani has just taught stock market investors how making smart bets at cheap valuations can create long-term wealth. In a masterstroke that exemplifies contrarian investing, Reliance Industries (RIL) has booked a staggering 23-fold return by selling its Asian Paints stake for Rs 7,704 crore—nearly 17 years after buying it during the depths of the 2008 global financial in January 2008, when markets were reeling from the financial meltdown, RIL had quietly accumulated a 4.9% stake in Asian Paints for just Rs 500 crore. Now, the conglomerate has sold 3.6% of that holding to SBI Mutual Fund, pocketing a handsome Rs 7,704 crore in what ranks among the most spectacular long-term bets in Indian corporate informed exchanges that 3.5 crore shares held by the company via Siddhant Commercials Ltd were sold at Rs 2,201 per share on Thursday. The company's stock closed at Rs 2,218.05 a piece on Thursday. Inclusive of dividends, at current market value, Reliance would make a near 23-fold return on its the stake sale, RIL arm Siddhant Commercials' shareholding in Asian Paints dipped to 1.26 per cent from 4.90 per cent. With the acquisition of shares, SBI Mutual Fund's shareholding in Asian Paints rose to 5.15 per cent from 1.51 per timing of Ambani's exit appears prescient. Asian Paints' shares have declined by 32% over the past 2 years, making it one of the weakest performers among Nifty blue chips. India's $9 billion paints industry is facing acute margin pressure amidst heightened competition that has seen Asian Paints come under severe pressure from new entrants like Aditya Birla Opus who are striving to topple the number one player from its to Elara Securities, Asian Paints' market share has fallen from 59 percent to 52 percent in FY25—a significant loss in a highly competitive market. Combined with revenue stagnation, Asian Paints has lost much of its Asian Paints, FY25 was a weak year. Decorative business (87% of consolidated sales) declined by 5% YoY, with volume growth of 2.5% (weakest in over the last two decades). Industrial business grew by 6% while International business sales were flat performance for the year. The management attributed underperformance in the decorative segment to weakness in industry growth and emphasised that the competitive intensity of the business will continue over the near term."Near term demand trends remain subdued, FY26 outlook remains bleak," said Mehul Desai of JM Financial . "Competitive intensity in the paints segment remains unabated (Grasim's entry, increased activity from existing incumbents and a likely recovery in Dulux brand once the acquisition goes through)." JSW Paints is in the final stages of buying Dulux from Akzo the challenges, Asian Paints still has a market share of 44% in decorative paints, and is also the second largest in Asia and eighth globally. The company has an annual domestic decorative paint capacity of 1.85 million kilo litres, serving consumers in over 60 countries. It has the country's largest distribution network, with 74,129 dealers, supported by over 50,500 Colour World shade-mixing machines and over 430 Colour Ideas had explored divesting its stake five years ago, ahead of launching India's largest rights issue. It was also in the process of deleveraging its balance sheet following a mega capex plan led by telecom. However, it did not go through with the plan and instead raised a combined $25 billion for the digital, telecom, and retail ventures of the conglomerate through a series of investments from marquee global strategic and financial decision to hold on proved golden, allowing Ambani to maximize returns from what was already a phenomenal bet.
Time of India
2 days ago
- Business
- Time of India
Reliance sells 3.6% stake in Asian Paints in Rs 7,700 crore deal
MUMBAI: Reliance Industries on Thursday said that its subsidiary, Siddhant Commercials, had sold 3.5 crore equity shares of Asian Paints on the NSE at a price of Rs 2,201 per share. The entire block of Asian Paints stock, representing 3.6 per cent of the company's equity, was purchased by SBI Mutual Fund , as revealed by a large deal disclosure on the NSE website. The block was sold for nearly Rs 7,704 crore. RIL still holds 87 lakh Asian Paints shares, as stated in disclosures to the exchanges. According to Asian Paints' shareholding pattern as of March 31, 2025, Siddhant Commercials was holding nearly 4.7 crore shares of the paints major, representing 4.9 per cent of the equity. In Thursday's weak market, RIL's stock price closed 0.6 per cent lower, while Asian Paints shares closed 0.4 per cent up. It was earlier reported that RIL bought the stake in the paints major in 2008 for about Rs 500 crore. As of March 2025, the promoters held a 52.6 per cent stake in Asian Paints, while domestic institutions held nearly 15.6 per cent and foreign institutions 12.2 per cent. Among the institutions, LIC held the biggest stake in the company, at 8.3 per cent. Two mutual funds - SBI MF at 1.5 per cent and ICICI Prudential MF at 1.2 per cent - also held small chunks in the company, as shown in disclosures on BSE. Retail investors held 11.8 per cent in the company.
Economic Times
2 days ago
- Business
- Economic Times
Asian Paints shares in focus as RIL sells 3.6% stake to SBI MF, Brent crude up over 12%
Asian Paints share price: Reliance sold a 3.6% stake in Asian Paints to SBI Mutual Fund in a Rs 7,704 crore block deal, one of India's largest. Additionally, Brent crude's 12% surge may impact input costs for paint makers, potentially affecting margins amid rising geopolitical tensions in the Middle East. Tired of too many ads? Remove Ads Here are the details: RIL equity stake sale to SBI MF Tired of too many ads? Remove Ads Brent Crude prices surge over 12% Shares of Asian Paints are likely to remain in focus on Friday after Reliance Industries Ltd (RIL) sold a 3.6% equity stake to SBI Mutual Fund via a block deal on Thursday. Additionally, the stock may also be in the spotlight as Brent Crude prices surge over 12% in today's Mutual Fund, India's largest asset manager, has acquired a 3.6% stake in the company for a hefty Rs 7,704 crore ($900 million). This landmark transaction marks one of India's largest bilateral block deals, further bolstering Asian Paints' standing in the shares were purchased at Rs 2,201 per share, with Reliance reportedly monetising a portion of its investment in Asian Paints, having held the shares through Siddhant Commercials transaction reflects a near 23-fold return on Reliance's 17-year-old investment, offering a significant windfall for the company's shares are expected to see increased attention also after a sharp rise in Brent Crude prices, which surged over 12%, hitting their highest levels in surge in oil prices comes amid escalating geopolitical tensions in the Middle East, particularly with the recent Israeli strikes on Iran. The market is reacting to fears of disrupted oil supplies, with analysts predicting that an escalation in the conflict could lead to significant supply chain disruptions, especially through critical shipping routes like the Strait of oil prices affect paint companies because many raw materials used in paint, like resins and solvents, are made from petroleum. When crude prices rise, the cost of these materials goes up, leading to higher production costs for paint companies. This can result in increased prices for consumers and potentially lower demand, especially in sectors sensitive to cost of Asian Paints closed flat at Rs 2,218.05 on the BSE on Thursday.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
