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Prism Johnson to acquire 15% stake in Sanskar Ceramics

05 Nov 2019 Evaluate

Prism Johnson has agreed to acquire 15,00,000 equity shares at a price of Rs 35 each aggregating to Rs 5.25 crore constituting 15% in the total paid-up equity share capital of Sanskar Ceramics. Subsequent to acquisition, the shareholding of the company in Sanskar will be directly 15% and indirectly 17.5%.

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 10878.20
Ambuja Cements 368.00
ACC 1183.80
Shree Cement 21855.00
Dalmia Bharat 1672.35
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