Reliance Sells Stake in Asian Paints Amid Antitrust Concerns

  Published 11 months ago

Reliance Industries sold 77.04 billion rupees in Asian Paints shares via Siddhant Commercials, retaining 0.9% stake amid antitrust risks and competition.

  • Reliance sold 35M shares at 2,201 rupees each via Siddhant Commercials, down from Wednesday's close.
  • Asian Paints faces antitrust probes and competition from Aditya Birla's Birla Opus, urban spending cuts.
  • Sale follows reports Reliance aimed to exit 17-year Asian Paints investment, buyers unknown.

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