Prism Johnson has acquired 4,96,80,000 equity shares of Rs 10 each at par (Rights Shares) aggregating to Rs 49.68 crore offered by Sentini Cermica on a rights basis. Equity Shares are allotted on rights basis by Sentini on August 8, 2025.
Pursuant to acquisition of Rights Shares, the percentage shareholding of the company in Sentini increased from 50% to 90% on a fully diluted basis. Before such acquisition, Sentini was 50:50 joint venture company. Pursuant to such acquisition, Sentini has become 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).
