Prism Johnson Completes Sale of Raheja QBE General Insurance Stake

Prism Johnson Ltd has announced the completion of the sale of its shareholding in Raheja QBE General Insurance Company Limited, a material unlisted subsidiary, to QBE Holdings (AAP) Pty Limited. The transaction, initially disclosed on March 2, 2026, was finalized on July 1, 2026, after fulfilling all conditions precedent, including regulatory and shareholder approvals. Consequently, Raheja QBE General Insurance Company Limited is no longer a subsidiary of Prism Johnson Ltd. The company's joint venture with Australia's QBE Group in the general insurance business in India, along with the shareholders' agreement, has also been terminated.