Shareholding16 Jun 2026, 10:09 am
Asian Paints Promoter Smiti Holding Encumbers/Releases Shares
AI Summary
Asian Paints Ltd has filed disclosures regarding share encumbrances and releases by its promoter, Smiti Holding and Trading Company Private Limited. On June 11, 2026, Smiti Holding created an encumbrance (pledge) of 3,83,06,000 shares, representing 3.99% of the diluted share capital, for a loan from Jio Credit Limited. Subsequently, on June 15, 2026, Smiti Holding released a total of 22,35,000 shares from encumbrances related to loans from Barclays, Tata Capital, and Bajaj Finance. The total promoter holding by Smiti Holding remains 5.36% of the total share capital.
Key Highlights
- Promoter Smiti Holding engaged in share pledge and release activities.
- A significant portion of promoter shares were pledged for a loan.
- Subsequent releases of pledged shares were made for various loans.
- Total promoter holding by Smiti Holding remains substantial at 5.36%.
Price Impact
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