New Delhi, May 15 -- Dalal Street is abuzz about a possible stake sale by Mukhesh Ambani's Reliance Industries (RIL) in the blue-chip stock Asian Paints, which is expected to reap India's most valuable company a neat profit of 2,046%.

RIL acquired a stake in Asian Paints in 2008, when the company was a stock market darling, for around Rs.500 crore. That stake is now worth Rs.10,730 crore based on Asian Paints' latest closing price.

More to come...

Published by HT Digital Content Services with permission from MINT....