Asian Paints Limited Receives Trading Plan Approval from Promoter Group Entity
Asian Paints Limited announced the approval of a trading plan submitted by Geetanjali Trading and Investments Private Limited, a company forming part of the Promoter(s)/Promoter Group, on March 19, 2026.Geetanjali Trading and Investments Private Limited, which holds a 4.77% stake in Asian Paints Limited as of the date of the plan, intends to execute a trading strategy involving the pledge of equity shares and the purchase of additional shares. The company is a Core Investment Company ("CIC") registered with the Reserve Bank of India.
The approved trading plan details the following transactions:
| Detail | Description |
|---|---|
| Applicant | Geetanjali Trading and Investments Private Limited |
| Transaction Type | Pledge of Equity Shares and Purchase of Equity Shares |
| Pledge Period | July 20, 2026 to July 24, 2026 |
| Purchase Tranche I Period | July 27, 2026 to July 31, 2026 |
| Purchase Tranche II Period | August 17, 2026 to August 21, 2026 |
| Pledged Shares | 12,50,000 Equity Shares |
| Shares Purchased (Tranche I) | 2,00,000 Equity Shares |
| Shares Purchased (Tranche II) | 2,00,000 Equity Shares |
| Purchase Price Limit | Rs. 2650 per share |
The Board of Directors of Geetanjali Trading and Investments Private Limited approved the trading plan at a meeting held on February 20, 2026. The plan is subject to statutory modifications as per SEBI regulations and guidelines.
The approved trading plan is available on the company's website.
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