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Prism Cement shines as its arm offloads entire holding in Norcros

19 Sep 2013

Prism Cement is currently trading at Rs 29.75, up by 0.90 points or 3.12% from its previous closing of Rs 28.85 on the BSE.

The scrip opened at Rs 29.75 and has touched a high and low of Rs 31.30 and Rs 29.10 respectively. So far 80884 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 60.00 on 07-Nov-2012 and a 52 week low of Rs 22.85 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs 31.80 and Rs 26.25 respectively. The current market cap of the company is Rs 1497.49 crore.

The promoters holding in the company stood at 74.87% while Institutions and Non-Institutions held 3.67% and 21.45% respectively.

Lifestyle Investments (LIPL), wholly-owned foreign subsidiary of Prism Cement, has sold its present holding of 145,707,247 million shares in Norcros Plc, a company listed on the London Stock Exchange for a net consideration of GBP 26.55 million. Post the sale, LIPL does not hold any shares of Norcros. LIPL’s capital gain on this transaction would be approx. GBP 12.8 million.

Prism Cement is one of India’s leading integrated building materials companies; with a wide range from cement, ready-mixed concrete, tiles, bath products to kitchens.

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