Reliance Industries planea vender su participación en Asian Paints, valuada en $1.31 mil millones, debido a los desafíos de la industria. Reliance Industries plans to sell its stake in Asian Paints, valued at $1.31 billion, due to industry challenges.

Reliance Industries planea vender su participación del 4.9% en Asian Paints, una inversión de 17 años que ahora se valora en aproximadamente $ 1.31 mil millones, en medio de una creciente competencia y presiones de margen en la industria de la pintura. Reliance Industries plans to sell its 4.9% stake in Asian Paints, a 17-year investment now valued at about $1.31 billion, amid increasing competition and margin pressures in the paint industry. Asian Paints ha perdido cuota de mercado debido a nuevos competidores. Asian Paints has lost market share due to new competitors. Bank of America está gestionando la venta potencial, que podría ver la participación vendida con un descuento para atraer compradores. Bank of America is managing the potential sale, which could see the stake sold at a discount to attract buyers.