Prism Trust has sold its entire holding of 1,23,51,600 equity shares held in Prism Cement. The company is the beneficiary of the Trust. The Prism Trust, which was formed in March 2010, was created after the merger of erstwhile H & R Johnson (India) and erstwhile RMC Readymix (India) with the Company. The Trust will realize around Rs 88 crore, at an average price of about Rs 71.50 per share.
As on March 31, 2014, the promoters holding in the company stood at 74.87%, while Institutions and Non-Institutions held 6.48% and 18.65% stake in the company, respectively.
Prism Cement is one of India’s leading integrated building materials companies; with a wide range from cement, ready-mixed concrete, tiles, bath products to kitchens.
