Reliance Sells 3.6% Asian Paints for $900 Million to SBI MF

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

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

Asian Paints shares in focus as RIL sells 3.6% stake to SBI MF, Brent crude up over 12% - GAGA INDIA

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