Acquisitions8 Aug 2025, 09:51 pm
Prism Johnson Ltd Acquires Majority Stake in Sentini Cermica Private Limited
AI Summary
Prism Johnson Ltd has acquired 4,96,80,000 equity shares of Sentini Cermica Private Limited on a rights basis, increasing its shareholding from 50% to 90% on a fully diluted basis. Sentini, which was a 50:50 joint venture company, has now become a subsidiary of Prism Johnson Ltd. Sentini is engaged in the business of manufacturing ceramic tiles and has a turnover of approximately INR 71.12 crore, INR 78.40 crore, and INR 89.68 crore for the financial years 2024-25, 2023-24, and 2022-23 respectively.
Key Highlights
- Prism Johnson Ltd has acquired a majority stake in Sentini Cermica Private Limited.
- The acquisition was made by subscribing to equity shares offered by Sentini on a rights basis.
- The acquisition has resulted in Sentini becoming a subsidiary of Prism Johnson Ltd.
- Sentini is engaged in the manufacturing of ceramic tiles and has a significant presence in the Indian market.
- The acquisition is expected to strengthen Prism Johnson Ltd's position in the ceramic tiles industry.