Shareholding5 Sept 2026, 11:33 am
Asian Paints Promoter Smiti Holding Releases Shares from Encumbrance
AI Summary
Smiti Holding and Trading Company Private Limited, a promoter of Asian Paints Limited, has filed disclosures regarding the release of shares from encumbrance. The filing indicates the release of shares that were previously pledged as collateral for a loan. Specifically, 5,14,42,638 shares were released, and a creation of encumbrance for 44,07,000 shares for a loan facility was also reported. This action pertains to the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- Promoter Smiti Holding reported release of shares from encumbrance.
- Shares were released against a loan facility.
- Disclosure filed under SEBI Takeover Regulations.
- Asian Paints Limited is the target company.
- Details of share encumbrance and release are provided.
Price Impact
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