Sale4 Feb 2025, 09:26 pm
Prism Johnson Ltd to Sell Industrial Premises to JSW Steel Limited for Rs. 164.63 Crores
AI Summary
Prism Johnson Ltd has approved the terms and conditions of the definitive agreements with JSW Steel Limited for the sale of a part of the industrial premises located at the Company’s tile plant at Pen, Raigad, Maharashtra. The transaction will be completed by February 8, 2025, and the proceeds will primarily be used for debt repayment. This transaction will not adversely affect the Company’s HRJ Division.
Key Highlights
- Prism Johnson Ltd to sell industrial premises to JSW Steel Limited
- Transaction value: Rs. 164.63 Crores
- Transaction to be completed by February 8, 2025
- Proceeds to be used for debt repayment
- No adverse effect on the Company’s HRJ Division