Prism Cement announces sale of shares by Prism Trust

Sale proceeds worth Rs 88 crore

Prism Cement announced that Prism Trust has sold its entire holding of 1,23,51,600 equity shares held in the Company.

The Company is the beneficiary of the Trust. The Prism Trust, which was formed in March 2010, was created after the merger of erstwhile H. & R. Johnson (India) and erstwhile RMC Readymix (India) with the Company.

The Trust will realise approximately Rs 88 crore, at an average price of about Rs 71.50 per share.

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