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