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Prism Johnson acquires stake in Raheja QBE General Insurance Company

01 Aug 2023 Evaluate

Prism Johnson has acquired 1,38,86,515 equity shares of Rs 10 each at a premium of Rs 4.70 per equity share aggregating to Rs 20.41 crore offered by Raheja QBE General Insurance Company (RQBE), a subsidiary of the Company, on a rights basis. There is no change in shareholding percentage of the Company in RQBE pursuant to such acquisition.

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 1182.00
Shree Cement 21946.15
Dalmia Bharat 1674.00
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