Reliance Industries is evaluating a potential exit from its 4.9% stake in Asian Paints. The investment, made in 2008 for Rs 500 crore, could now yield a return of approximately Rs 10,000 crore — translating into a remarkable 2,000% profit.
Key Highlights:
Investment Origin: Rs 500 crore in 2008.
Current Valuation: Approximately Rs 10,000 crore.
Profit Estimate: Around Rs 9,500 crore (2,000% gain).
Stake Size: 4.9% in Asian Paints.
Context:Asian Paints has experienced growing competition and a 25% decline in share price over the past three years. This market trend may be influencing Reliance’s decision to exit.
Market Impact:
Reliance Industries Stock: Up 0.23% at Rs 1,419.
Asian Paints: Facing pressure due to competition and declining market share.
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