Reliance Industries plans to sell its stake in Asian Paints, valued at $1.31 billion, due to industry challenges. Reliance Industries planea vender su participación en Asian Paints, valuada en $1.31 mil millones, debido a los desafíos de la industria.

Reliance Industries plans to sell its 4.9% stake in Asian Paints, a 17-year investment now valued at about $1.31 billion, amid increasing competition and margin pressures in the paint industry. Reliance Industries planea vender su participación del 4.9% en Asian Paints, una inversión de 17 años que ahora se valora en aproximadamente $ 1.31 mil millones, en medio de una creciente competencia y presiones de margen en la industria de la pintura. Asian Paints has lost market share due to new competitors. Asian Paints ha perdido cuota de mercado debido a nuevos competidores. Bank of America is managing the potential sale, which could see the stake sold at a discount to attract buyers. Bank of America está gestionando la venta potencial, que podría ver la participación vendida con un descuento para atraer compradores.