Prism Johnson has received an approval for divestment of its entire holding of 51% of the paid-up equity share capital in Raheja QBE General Insurance Company (RQBE), a material subsidiary, to QORQL, for an aggregate consideration of Rs 289.68 crore. Post the divestment, RQBE will also cease to be a subsidiary of the Company.
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).
