Prism Johnson Ltd to Divest Stake in Raheja QBE General Insurance for Rs. 324 Crores

Prism Johnson Ltd has informed the exchange about the divestment of its stake in Raheja QBE General Insurance Company Limited, a material subsidiary of the Company. The Board of Directors of the Company has approved the execution of a share purchase agreement dated March 2, 2026, pursuant to which the Company has agreed to sell its entire shareholding of 51% of the paid-up equity share capital of RQBE to QBE Holdings (AAP) Pty Limited for an aggregate consideration of Rs. 324 Crores. The Proposed Transaction is subject to completion of the conditions precedent set out in the Share Purchase Agreement, including receipt of approval of the shareholders of the Company, approval of the Insurance Regulatory and Development Authority of India (‘IRDAI’), and such other statutory / regulatory approvals as may be required. Upon completion of the Proposed Transaction, RQBE will cease to be a subsidiary of the Company.