H&R Johnson, RMC Readymix to merge with Prism

Prism Cement today said it will merge H&R Johnson (India) and RMC Readymix (India) with the itself.

The shareholders of the company at their meeting held yesterday have approved in the scheme of amalgamation of H&R Johnson (India) and RMC Readymix (India) with the company, Prism Cement said in a filing to the BSE.

H&R Johnson (India) Ltd is a tile manufacturing company offering a wide range of wall and floor tile products across various segments and RMC Readymix (India) is the producer of ready-to-mix concrete.

Shares of Prism Cement were trading at Rs 40.70 on the BSE, up 1.24 per cent from its previous close.