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Prism Johnson to acquire up to 30% equity stake in Sunspring Solar

30 Jul 2019 Evaluate

Prism Johnson has agreed to acquire up to 30% equity stake for approximately Rs 2 crore in Sunspring Solar, a subsidiary of Cleantech Solar Energy (India), for the power requirement of the company's tiles manufacturing facilities aggregating up to 4.58 MWp. The solar plants are expected to be commissioned by Q3FY20 in a phased manner.

Prism Johnson (formally known as Prism Cement) is a building materials company. The company has interest in Portland cement, tiles, bathroom and kitchen (TBK) and ready mixed concrete (RMC).

Peers
Company Name CMP
Ultratech Cement 11066.00
Ambuja Cements 358.00
ACC 1158.55
Shree Cement 22749.55
Dalmia Bharat 1595.05
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