Prism Johnson Strikes a Deal: Sells Part of Tile Plant to JSW Steel for ₹164.63 Crore

Prism Johnson Ltd. has approved the sale of part of its industrial premises at the Maharashtra tile plant to JSW Steel for ₹164.63 crore. This strategic move aims to optimize the company's asset portfolio and enhance operational efficiency. Following the announcement, shares of Prism Johnson saw a modest increase of 0.6%, reflecting positive market sentiment. The transaction is expected to be finalized by mid-February 2025, marking a significant step in Prism Johnson's ongoing restructuring efforts within the competitive building materials sector. 

 

Source: CNBC TV18, NSE India