CA Ronak Shah
June 13, 2025 at 05:06 AM
*SBI Mutual Fund has single handedly cut a cheque of Rs 7704 crore ($900 million) to buy 3.6% block of Asian Paints from Reliance Industries Limited.*
This would arguably be the largest block deal done bilaterally between a seller and a home grown asset manager. The share sale will help the oil-to-telecom conglomerate to monetise a lion's share of its 17-year old investment, with handsome returns