Pursuant to Regulation 30 of SEBl (Listing Obligations & Disclosure Requirements) Regulations, 2015, Prism Johnson has informed that the Company has agreed to acquire 35,00,000 equity shares at a price of 37/- each aggregating to 12.95 Crores, constituting 35% in the total paid-up equity share capital of Sanskar Ceramics. The Company presently holds 15% of the paid-up equity share capital in Sanskar. Subsequent to the aforesaid investment, the shareholding of the Company in Sanskar would increase to 50%. The details required under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 are given in Annexure A.
The above information is a part of company’s filings submitted to BSE.
