Reliance exits Asian Paints with 23x gains, selling a 3.6% stake for Rs 7,704 crore, nearly 17 years after buying in for Rs 500 crore during the 2008 crash.
Ambani’s timing aligns with weak fundamentals, as Asian Paints faces margin pressure, rising competition, and declining market share from 59% to 52% in FY25.
The paints major saw muted growth, with a 5% decline in its core decorative business and subdued FY26 outlook amid intense rivalry from Grasim, JSW, and Dulux.
Despite headwinds, Asian Paints retains 44% decorative market share, operating in 60+ countries with the largest dealer network and advanced distribution infrastructure in India.
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