Board Meeting14 May 2026, 02:04 pm
Prism Johnson to Raise Up to ₹1,750 Cr
AI Summary
Prism Johnson Ltd's board approved raising up to ₹1,750 Crores through a combination of equity and debt instruments. This includes raising up to ₹500 Crores through equity shares and equity-linked instruments via various methods like public issue, private placement, or qualified institutions placement. Additionally, the company plans to raise up to ₹1,250 Crores through secured/unsecured redeemable non-convertible debentures on a private placement basis. Shareholder approval will be sought at the upcoming Annual General Meeting.
Key Highlights
- Prism Johnson plans to raise up to ₹500 Cr via equity and linked instruments.
- The company will also raise up to ₹1,250 Cr through non-convertible debentures.
- Fund raising will be subject to shareholder and regulatory approvals.
- The board approved the fund raising proposals on May 14, 2026.
- Shareholder approval will be sought at the upcoming AGM.