Old Asian Paints Shares: What They Are Worth and How to Recover Them
Reviewed 16 September 2026
In short
Early Asian Paints holdings have multiplied many times. By the company's own figures, 50 shares allotted in its 1982 public issue would have become 9,210 through six bonus issues between 1985 and 2003 and a 10-for-1 stock split in 2013. The registrar is MUFG Intime, formerly Link Intime, which absorbed Asian Paints' earlier registrar TSR Consultants in December 2023.
Corporate actions that changed the holding
- 1985Bonus issue, 3:5Three bonus shares for every five held.
- 1987Bonus issue, 1:2One bonus share for every two held.
- 1992Bonus issue, 3:5Three bonus shares for every five held.
- 1996Bonus issue, 1:1One bonus share for every share held.
- 2000Bonus issue, 3:5Three bonus shares for every five held.
- 2003Bonus issue, 1:2One bonus share for every two held.
- 2013Stock split, 10:1Each ₹10 share split into ten ₹1 shares.
Worked example. 50 IPO shares → 80 (1985) → 120 (1987) → 192 (1992) → 384 (1996) → 614 (2000) → 921 (2003) → 9,210 after the 2013 split.
Bonus ratios and the split are from the general shareholder information in Asian Paints' annual report. Fractional entitlements mean a real folio may differ slightly from the example; MUFG Intime confirms the exact holding.
Who to write to
MUFG Intime India Private Limited
- Address
- C-101, Embassy 247, LBS Marg, Vikhroli (West), Mumbai 400083
- investor.helpdesk@in.mpms.mufg.com
- Website
- in.mpms.mufg.com
Formerly Link Intime India. TSR Consultants merged into Link Intime with effect from 22 December 2023, and Link Intime was renamed MUFG Intime on 31 December 2024.
Registrars change. Confirm the current one on the company’s investor page before posting anything, and see how to find a company’s registrar.
How the shares are recovered
- The shares are in your name and you have the certificates
Update KYC on the folio if needed, then dematerialise them so they can be sold.
- The shareholder has died
The nominee, surviving joint holder or legal heirs claim through transmission.
- You bought the shares on paper before April 2019
SEBI's special window, open until 4 February 2027, lets you complete the transfer.
- The certificates are lost or damaged
The registered holder or heirs apply for duplicates, credited to demat.
- The shares or dividends were transferred to IEPF
Claim them back from the IEPF Authority with Form IEPF-5.
- The certificate is in an old or merged company name
The holding may now sit with a renamed or successor company.
Questions we are asked about Asian Paints shares
How many bonus issues has Asian Paints made?
Six, in 1985 (3:5), 1987 (1:2), 1992 (3:5), 1996 (1:1), 2000 (3:5) and 2003 (1:2), followed by a 10-for-1 stock split in 2013.
Who is Asian Paints' registrar?
MUFG Intime India, formerly Link Intime, which took over TSR Consultants, Asian Paints' earlier registrar, in December 2023.
What would 100 Asian Paints shares from the 1980s be today?
It depends on exactly when they were bought, because each bonus applied only to shares held on its record date. 50 shares from the 1982 IPO would be 9,210 today by the company's figures. The registrar confirms the holding on a specific folio.
Sources
Free valuation of old shares
Send us the company name and folio number from the certificate. We work out what the holding is worth today, after bonuses, splits and mergers.