Asian Paints: Vakil family gains stake via inheritance

Vivek Abhay Vakil and Bhairavi Abhay Vakil jointly announced an indirect acquisition of voting rights in Asian Paints Limited, effective March 10, 2025. The acquisition stems from the transmission of shares through the will of the late Mr. Abhay Arvind Vakil, a member of the promoter group. This indirect acquisition increases the individual holdings of Vivek Abhay Vakil to 68,12,369 shares (0.71%) and Bhairavi Abhay Vakil to 60,64,322 shares (0.63%). Consequently, their total holding amounts to 1,28,76,691 shares, representing 1.34% of the company's equity share capital. While the individual stakes have changed, the announcement clarifies that the overall shareholding of the 'promoter & promoter group' remains unchanged. The company's equity share capital stands at 95,91,97,790 shares of face value INR 1 each. The disclosure has been filed with both the National Stock Exchange of India and the BSE Limited, under Regulation 29(2) of the SEBI Takeover Regulations.