Asian Paints Limited has diluted its stake in joint venture company Asian White Cement Holding Limited from 70% to 60% following the allotment of 12,08,891 sweat equity shares to RS Holdings Limited on January 16, 2026. The joint venture operates a white cement manufacturing facility in Fujairah, UAE, which began commercial production on October 12, 2025. The revised shareholding structure shows RS Holdings at 27.14% and Associated Soap Stone Distributing Company at 12.86%.
Asian Paints Dilutes Stake in UAE White Cement Joint Venture to 60%
