StockWatch
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Cement & Cement Products
Acquisitions31 Jul 2026, 08:51 pm

Prism Johnson increases Samini stake to 98.5% for ₹15.3 Cr

AI Summary

Prism Johnson Ltd has purchased 52,78,500 equity shares of its subsidiary, Samini Ceramics Limited, from Sentini Buildtech LLP for a total consideration of ₹15,30,76,500. This transaction, completed on July 31, 2026, increased Prism Johnson's shareholding in Samini from 90% to 98.5% on a fully diluted basis. Samini Ceramics, a manufacturer of ceramic tiles, recorded turnovers of ₹61.18 Crores in FY2025-26, ₹71.13 Crores in FY 2024-25, and ₹78.40 Crores in FY 2023-24. The purchase was a cash consideration and not a related party transaction.

Key Highlights

  • Prism Johnson increased stake in subsidiary Samini Ceramics.
  • Purchased 52.78 lakh shares for ₹15.30 crore cash.
  • Shareholding in Samini rose from 90% to 98.5%.
  • Samini Ceramics manufactures ceramic tiles.
  • Transaction completed on July 31, 2026.