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Reliance sells 3.6% Asian Paints for $900 million to SBI MF

Home » News » India » Reliance sells 3.6% Asian Paints for $900 million to SBI MF

Reliance sells 3.6% Asian Paints for $900 million to SBI MF

Arijit Barman 13/06/2025 18:21

SBI Mutual Fund purchased a 3.6% stake in Asian Paints from Reliance Industries for Rs 7704 crore, marking one of India’s biggest bilateral block deals. Reliance monetized a 17-year-old investment, reaping a 23-fold return amid competitive industry pressures.

The Times of India
SBI Mutual Fund purchased a 3.6% stake in Asian Paints from Reliance Industries for Rs 7704 crore, marking one of India’s biggest bilateral block deals. Reliance monetized a 17-year-old investment, reaping a 23-fold return amid competitive industry pressures.
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