Cement & Cement Products
Divestments30 March 2026 at 02:44 pm

Prism Johnson Ltd Divests Entire Stake in Three Wholly Owned Subsidiaries

AI Summary

Prism Johnson Ltd has divested its entire equity shareholding in three wholly owned subsidiaries: Venkataramiah Tile Bath Kitchen Private Limited, Samiyaz Tile Bath Kitchen Private Limited, and Tescon Buildcon Private Limited. The sale was completed on March 30, 2026, with consideration received amounting to Rs. 4,31,932 from Venkataramiah Tile Bath Kitchen Private Limited, Rs. 6,48,510 from Samiyaz Tile Bath Kitchen Private Limited, and Rs. 10,000 from Tescon Buildcon Private Limited. The buyers, Mr. Siddharth Khanna and Mr. Nitin Singrodia, are not part of the promoter/promoter group/group companies. This transaction is not a related party transaction and is not part of a Scheme of Arrangement.

Key Highlights

  • Prism Johnson Ltd divests entire stake in three subsidiaries
  • Transaction amount: Rs. 11,20,442
  • Buyers not part of promoter/promoter group/group companies
  • Not a related party transaction
  • Not part of Scheme of Arrangement