Asian Paints share price drops amid CCI order; company says, ‘will take legal recourse’

Asian Paints CCI Allegations

In an exchange filing on July 3, the company stated that it is reviewing the order passed by fair trade regulator. The company added that it will cooperate with the CCI in the investigation over allegations of exclusionary practices.

“The Company is currently reviewing the Order and will take appropriate legal recourse. The Company remains committed to fully cooperating with the CCI during the course of the investigation,” the company said in a regulatory filing.

Asian Paints Share Price History

Asian Paints Limited is a component of the BSE Sensex. According to the BSE analytics, shares of Asian Paints Ltd gave a positive return of 2.78 per cent and 6.12 per cent in the last 1 week and 2 weeks, respectively. In the past 1 month and 3 months, shares of the company gained 7.81 per cent and 2.96 per cent, respectively.

However, shares of the company fell 17.57 per cent and 27.57 per cent in the last 1 year and 2 years, respectively. In the past 5 years and 10 years, shares of the company up 42.97 per cent and 214.04 per cent, respectively.

Asian Paints Dividend History

This year, Asian Paints paid a dividend of Rs 20.55 in June. Last year, the company paid dividends of Rs 28.15 and Rs 4.25 in June and November, respectively.

Asian Paints Bonus History

Asian Paints issued bonuses for its shareholders in the ratio of 3:5 in 2000.

According to an ICICI Direct report, the size of the India Paint and Coatings Market is estimated at USD 9.60 billion in 2024. It is expected to reach USD 15.04 billion by 2029, growing at a CAGR of 9.38 per cent between 2024 and 2029, reports PTI.