Prism Johnson Ltd Invests INR 18.72 Crores in Sunbath Sanitary Private Limited

Prism Johnson Ltd, a company listed on the stock exchange, has announced an investment of INR 18.72 Crores in Sunbath Sanitary Private Limited. This investment is made by subscribing to equity shares, which constitutes 50% of the issued and paid-up capital of Sunbath on a fully diluted basis. The acquisition is not a related party transaction and the promoter/promoter group/group companies have no interest in Sunbath. The manufacturing of sanitaryware industry is the target entity's business sector. This acquisition will help the company ensure an uninterrupted supply of sanitaryware in a continuously growing market at a competitive price. The equity shares were allotted to Prism Johnson Ltd on August 22, 2024.