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Asian Paints Ltd. ( (IN:ASIANPAINT) ) has provided an announcement.
Asian Paints Ltd. has announced a dilution of its stake in its joint venture company, Asian White Cement Holding Limited (AWCHL), which operates a white cement and clinker manufacturing facility in Fujairah, UAE where commercial production began in October 2025. In line with the joint venture agreement and following board and shareholder approvals, AWCHL has issued 1,208,891 equity shares as sweat equity to partner RS Holdings on a non-cash basis, reducing Asian Paints’ shareholding from 70% to 60%, while RS and ASD now hold 27.14% and 12.86% respectively, signalling a recalibration of ownership that strengthens the strategic role of RS while leaving Asian Paints with majority control of the venture.
More about Asian Paints Ltd.
Asian Paints Ltd. is a leading player in the paints and coatings industry that has expanded into manufacturing and exporting white cement and white cement clinker through a joint venture in Fujairah, United Arab Emirates. The joint venture vehicle, Asian White Cement Holding Limited (AWCHL), was established in partnership with RS Holdings Limited and others in the UAE and Associated Soap Stone Distributing Company Private Limited in India to tap into regional and export demand for white cement products.
Average Trading Volume: 61,970
Technical Sentiment Signal: Buy
Current Market Cap: 2700.5B INR
For a thorough assessment of ASIANPAINT stock, go to TipRanks’ Stock Analysis page.