Asian Paints Limited
SBI Mutual Fund decreased its stake in Asian Paints Limited from 4.31% to 4.26%, selling 4,52,084 shares. The institutional investor now holds 4,08,50,088 shares after the transaction, which occurred in the context of a rights issue.
India's largest home decor company, Asian Paints manufactures and sells wall paints, coatings, waterproofing solutions, and decorative products across residential and commercial segments. With over eight decades of operations, the company offers an extensive portfolio including wall coverings, texture finishes, adhesives, modular kitchens, sanitaryware, lighting fixtures, and home furnishings through multiple established brands. It serves customers through a widespread distribution network and retail presence across the country.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.