Reliance Industries’ Rs 500 crore investment in Asian Paints in 2008 is now worth Rs 10,500 crore, excluding dividends.
RIL plans to exit its 4.9% stake as Asian Paints faces market share erosion and rising competition from Birla Opus.
Asian Paints has seen 25% stock decline in 3 years, pressured by weak demand, rebates, and margin shrinkage.
Brokerages cut earnings estimates and target price, signaling a potential slowdown for the once-dominant paint giant.
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