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LIC offloads 1.92 crore shares in Asian Paints

26 Jun 2019 Evaluate

Life Insurance Corporation of India (LIC) has sold over 1.92 crore shares, representing about 2 per cent stake of Asian Paints, through the open market transaction. With the sale of these shares, the stake of LIC in Asian Paints has now come down to 3 per cent from 5 per cent earlier.

Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company's business segments are Paints and Home Improvement.

Peers
Company Name CMP
Asian Paints 2315.00
Berger Paints India 465.05
Kansai Nerolac Paint 176.45
JSW Dulux 263.60
Indigo Paints 998.10
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