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).
