Prism Johnson has acquired around 14.78 lakh equity shares of Rs 10 each aggregating to around Rs 1.48 crore constituting 27% in the total paid-up equity share capital of Sunspring Solar, a subsidiary of Cleantech Solar Energy (India), for the power requirement of the company's tiles manufacturing facilities aggregating up to 4.62 MWp for the said facilities. The solar power plants are expected to be commissioned by March 2020 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).
