Asian Paints Promoter Smiti Holding Releases Shares Worth ₹61.67 Lakhs

Asian Paints Limited has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from its promoter, Smiti Holding and Trading Company Private Limited. The disclosure pertains to the release of encumbrances on shares. Smiti Holding has released 61,67,000 shares, which represent 0.64% of the total share capital, from a pledge to Tata Capital Limited through Security Trustee IDBI Trusteeship Services Limited. This action results in a post-release holding of 3,42,17,000 shares, constituting 3.57% of the total share capital for Smiti Holding. The release is attributed to loan repayment.