Reliance Industries sells 0.9% in Asian Paints for Rs 1,876 crore

MUMBAI: Siddhant Commercials, an entity belonging to the Reliance Industries group, on Monday sold 85 lakh shares of Asian Paints for nearly Rs 1,876 crore through a block deal on NSE. The entire block, representing 0.9 per cent of the company’s equity, was bought by ICICI Prudential Mutual Fund at a per-share price of Rs 2,207, disclosures on the NSE website showed.In another deal, Samayat Services, a promoter entity of Vishal Mega Mart, put up around a 10 per cent stake in the retailer, expected to be executed through block deals on Tuesday. The block is worth a little over Rs 5,000 crore, sources said. The block has been put up at a per-share price of Rs 110, a 12 per cent discount to its Monday close.