Every day in the stock market, block deals take place in some company or the other and sometimes the positive effect of this block deal is seen and sometimes the negative effect is seen in the stock. We are going to give you information about a company whose price was ₹ 2500 a month ago and today the stock of the same company has reached ₹ 2200. Due to a block deal, the stock price of the company has fallen very rapidly and investors are surprised that how suddenly the stock price of the company fell so much.
Now information has come out that Reliance Industries Company had a stake in this company and they have sold their stake through Siddharth Commercial Limited, although they still have the company’s stock. Reliance Industries informed that they have about 88 lakh equity stocks of this company.
Why did Reliance Industries sell shares worth 3.5 crores?
Reliance Industries had a significant stake in the stock of Asian Paint Company and this time the company has sold 3.5 crores worth of stock at the rate of Rs 2201 through a block deal. The company has said that due to economic slowdown and negative growth in business, Reliance Industries has sold its stake in the market. Singh, the CEO of the company, had a call meeting in which it was told that the demand for the paint industry is very low in the last 20 years and there is constant competition in the business due to which the pressure on the company is increasing, although Reliance Industries still has a stake of 0.88% left.
Promoter still has the largest stake
The promoter of Asian Paints Company still holds 52% stake and the news of the company’s block deal was already circulating in the market, so the stock price of the company has been going down continuously for the last 1 month. Apart from Reliance Industries, foreign investors and mutual funds also have a significant holding in this company. Foreign investors are holding about 12% stake.
Recently the company had given dividend
Asian Paints Company has given a dividend of Rs 20.5 to its investors (on 10 June 2025). The effect of the dividend news was not positive on the company’s shares, rather it went down by 5%. But today even after the block deal, the company’s stock has increased by ₹ 50. The stock price of the company was successful in crossing the figure from Rs 20215 to Rs 20250. In August 2024, the stock price of this company was above 3100 in the market. For the last 6 months, the stock price of this company has been continuously falling.
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Kartikeya Bhardwaj is a skilled finance writer with over 3 years of experience covering the Indian stock market, cryptocurrency trends, and personal finance strategies. With a strong grasp of market dynamics and digital finance tools, Kartikeya simplifies complex financial topics into easy-to-understand content for everyday readers.
A graduate with a Bachelor of Computer Applications (BCA), Kartikeya combines technical expertise with a deep passion for financial literacy. His work focuses on helping young investors, traders, and savers make smarter money decisions in today’s fast-moving economy.
Kartikeya is a regular contributor to Paisaverse.in, where he shares timely updates, analytical insights, and practical money tips to empower the Indian financial community.