 "reliance industries, RIL")
Reliance Industries is considering selling its stake in India’s largest paint maker valued at about $989 million as the conglomerate steps up efforts to trim its debt, said people familiar with the matter.
The company controlled by Mukesh Ambani, is in discussions with banks for a potential sale of its 4.9 per cent stake in Asian Paints through a series of block trades, the people said, asking not to be identified as the information is not public. Reliance holds the stake through Teesta Retail.
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