Tuesday, March 04, 2025 | 07:34 AM ISTहिंदी में पढें

Home / Markets / News / Prism Johnson up 10% as board approves divestment of entire stake in RQBE

Prism Johnson up 10% as board approves divestment of entire stake in RQBE

The company informed that the board has approved divestment of stake to "QORQL Private Limited, a technology company with a majority shareholding of Vijay Shekhar Sharma.

Premium

For the March quarter of the fiscal year 2019-20 (FY20), Prism Johnson had reported a net loss of Rs 30.75 crore (Photo: iStock)

SI Reporter New Delhi

2 min read Last Updated : Jul 06 2020 | 12:24 PM IST

Shares of Prism Johnson were frozen at 10 per cent upper circuit band of Rs 48.50 on the BSE on Monday after the company informed that its board has approved divestment of its entire holding of 51 per cent in Raheja QBE General Insurance Company (RQBE).

In a regulatory filing, the company informed that the board has approved divestment of stake to "QORQL Private Limited, a technology company with a majority shareholding of Vijay Shekhar Sharma and remaining held by Paytm (owned by One97 Communications Limited), for an aggregate consideration of Rs 289.68 crore." CLICK TO READ

Topics : Markets Sensex Nifty Vijay Shekhar Sharma Paytm Buzzing stocks

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in