Mumbai, June 17 -- Mukesh Ambani has exited his long-standing investment in Asian Paints, turning an initial Rs.500 crore stake into a staggering Rs.9,080 crore profit over 17 years, Economic Times reported.

This 2,200% return marks one of the most successful long-term bets in India's corporate landscape.

Reliance Industries Ltd (RIL), through its subsidiary Siddhant Commercials, sold its remaining 87 lakh equity shares in Asian Paints to ICICI Prudential Life Mutual Fund in a block deal valued at Rs.1,876 crore, the company said on Monday. The shares were sold at an average price of Rs.2,207.65 each.

This follows last week's Rs.7,704 crore sale of 3.5 crore shares to SBI Mutual Fund, marking the full divestment of RIL's 4.9% stake in ...